Answer to Question #233116 in English for John

Question

1. Name some of the Philippine Products that are being exported to other countries and name the countries they are being exported with.  

2. Name a Philippine product that is mainly affected by a Tariffication Law and explain in your own words why it was affected.  

Answer 1

Q233116

1. Name some of the Philippine Products that are being exported to other countries and name the countries they are being exported with.  

Some of the products include: office machine parts, coconut oil, crude oil, shale oil, natural gas liquids, and electronic products such as semi-conductors, integrated circuits, electronic transformers, and insulated wire. These products are exported to countries such as China, the USA, Japan, Hong Kong, and Singapore.

2. Name a Philippine product that is mainly affected by a Tariffication Law and explain in your own words why it was affected. 

Rice is the main product that is affected by the 2019 Rice Tarrification Law. On one hand, the new tariffs are a way to manage inflation in the country, allowing for more rice imports and lower retail prices of rice for consumers. On the other hand, the rice farmers in the Philipines are likely to face high competition from cheaper imported rice because the Tariffication law does not guarantee their protection from tariffs. In the event that less farmers produce rice due to the competition, this could impact other industries such as Biomass and Construction Industries which rely on rice hull.