Manila Bulletin
Imee: Auction off meat import permits for transparency
Senator Imee Marcos proposed that the country's economic managers should consider auctioning pork imports.
The auction aims to ensure transparent allocation of imported pork among traders, especially if the minimum access volume (MAV) for pork is increased.
Marcos believes this public auction would prevent suspicions that the MAV increase would only benefit favored traders.
She also highlighted that an auction could discourage rent-seeking behavior and generate additional revenue for the government.
The senator suggested that well-defined auction rules and regulations would help the Philippines meet its World Trade Organization obligations without exceeding bound tariff rates.
The executive and legislative branches are reportedly nearing a compromise on MAV and tariff levels after a recent hearing.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
