Philippine producers seek higher tariffs for rubber products

Philippine rubber producers have asked the Government to raise the tariff on imported rubber products to protect the local industry. The Philippine Rubber Industries Association wants the current three and five per cent duty on products such as hoses and belts raised to 10-15 per cent and the current 10 per cent tariff on imported tyres increased to 25-30 per cent. The Philippines Tariff Commission is currently reviewing the country’s tariff structure.