Manila, Nov. 8 -- President Ferdinand R. Marcos Jr. has issued an executive order temporarily setting the import duty on tin mill black plates (TMBP) to zero percent to support the domestic tin plate and tin-free steel industries that supply the country's canned food manufacturers.

Under Executive Order (EO)104, signed by Marcos on Nov. 6 and made public on Saturday, the implementation of the 3 percent tariff on TMBP will be suspended for three years.

The measure aims to support local manufacturers, ensure stable supply and prices of canned goods, and maintain the competitiveness of Philippine food processors in both domestic and export markets.

Marcos issued EO 104 following the endorsement of the Economy and Development (ED) Council ...