Answer to Question #232531 in English for lee

Question

1. Title a few of the Philippine Items that are being traded to other nations and title the nations they are being traded with. 

2. Title a Philippine item that's primarily influenced 

by a Tariffication Law and clarify in your claim words why it was influenced.

Answer 1

Products traded include;

Coconut oil.

Petroleum Products.

Electronic Products.

Refined Petroleum.

Cars.

Countries traded with include;

United States

Japan

China

Hong Kong,

China

2 The law removed government limits, called quantitative restrictions (QRs) on rice importation. RA 11203 also created the Rice Competitiveness Enhancement Fund (RCEF), amounting to Php 10 billion annually for six years, to assist rice farmers with seeds, farm machineries, credit and technical extension.

Republic Act (RA) No. 11203 or Rice Tariffication Law, passed last February 2019, aims to modernize the agricultural sector as a way of making the sector globally competitive. Under this law, it permits the entry of imported rice while imposing a tariff, which varies depending on the volume of imported goods.