FFF said the TC and Neda are now way beyond the 45-day deadline mandated by Republic Act 11203, or the rice trade liberalization (RTL) law, to compute for the official tariff equivalent
for rice imports.
Because of the Philippines' commitment to the World Trade Organization, the country needs to replace its quantitative restriction (QR) policy with its tariff equivalent
Note that [te.sub.PC,t] - [te'.sub.PC,t] in (A2) represents the tariff equivalent
of additional Pak-China trade costs in fractions and would be multiplied by 100 to express it in percentage points.
Specifically, 'a 35-percent tariff rate seems appropriate as a tariff equivalent
,' PIDS recommended.
Ecorys (2009) addressed this question and reported the analysis in the form of percentage cost reduction or percentage tariff equivalent
Their topics include nontariff measures and standards in trade and global value chains, tariff equivalent
and foregone trade effects of prohibitive technical barriers to trade, protectionism indices for nontariff measures: an application to maximum residue levels, the trade and welfare impacts of Australian quarantine policies: the case of pig meat, and phytosanitary regulation and agricultural flows: tobacco inputs and cigarette outputs.
"We can start with the tariff equivalent
of the QR to 30 to 40 percent but commit to reduce that over time," Balisacan said.
To take the example of the United States, I find that the level of trade costs in the year 2000, expressed as a tariff equivalent
, is lowest for Canada at 25%, followed by Mexico at 33%.
While mills are demanding tariff equivalent
to the one being paid to independent power producers (IPPs), the policy planners are not ready to offer that.
Known as Welsh Bac, it offers the potential for a UCAS tariff equivalent
to an A grade at A-level, and is a recognised entry qualification for the majority of higher education courses and institutions in the UK.
Thus, the government should try to introduce a tariff equivalent
(sum of the quantitative impact of tariffs and non-tariff measures) equal to cost of smuggling.
Saara Tamminen from Ecorys said that when they converted the cost that regulations impose into a tariff equivalent
, the most costly non-tariff measures were in the cosmetics, food and beverages (more so on the US side) and financial services (again, more on the US side) sectors.