Tariff is a double-edged sword. It can either help or harm. This must be kept in mind as the Tariff Commission (TC) undertakes the review and reform of our tariff structure. Very often, the TC recommends changes upon the request of specific sectors. It is fitting that the TC is currently taking a holistic view of the entire structure. With a systems approach and its linkages, a strategic and rationalized approach can hopefully be implemented. Today, some input tariffs are even higher than the product output.

https://business.inquirer.net/419680/tariffs-must-help-not-harm

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