Manila, Aug. 4 -- Two senators on Monday, August 4 filed a joint Senate resolution seeking to withdraw or terminate the President's power to increase, reduce, revise or adjust existing rates of import duty on rice.

Senators Francis "Kiko" Pangilinan and Risa Hontiveros filed Joint Senate Resolution No. 2 asking both the House of Representatives and the Senate "to terminate the delegated authority of the President to adjust tariff rates on rice" citing its devastating impact on local rice producers.

The joint resolution also seeks to revert the tariff rates on imported rice to the previous level of 35 percent-from 15 percent based on Executive Order (EO) No. 62 signed by the Executive Department in June 2024-upon the effectivity of the J...