Pilipinas, inaasahang makikinabang sa ipinataw na taripa ng U.S.

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Transcript

00:00The Philippines will still benefit from the US tariff in our country because it will slow down inflation.

00:08The government's plans and programs will continue to boost the economy of the Philippines.

00:16This is Angela Peñalosa of Radyo Pilipinas for Balitang Pambansa.

00:22If inflation is the topic of discussion, will the US reciprocal tariff in the Philippines help?

00:31In a statement by Radyo Pilipinas, Undersecretary Rosemarie Edelion of the National Economic and Development Authority said

00:38that inflation will still slow down because the demand of export products in America will weaken

00:44while the supply of products here in the Philippines will increase.

00:48In the immediate term, it won't change.

00:50But for example, in a short period of time, over the next few months, the demand may slow down.

00:57So what will happen is that our country's supply will increase because we will be the first to absorb it.

01:04So far, NEDA is still studying if the US tariff will affect the gross domestic product of the Philippines.

01:11But Edelion explained that the government is implementing measures and programs

01:17to maintain a low inflation rate in the Philippines and not affect the economy.

01:23One of the things they see as helping in slowing inflation is meat and fish

01:30because of the ongoing concern of the government.

01:34Our intervention in the vaccine of the AFF is ongoing.

01:39As for fish, what we need here is to broaden our aquaculture.

01:46The issuance of the Certificate of Necessity to Import is also underway

01:50which will be effective in the closed fishing season

01:53to help with the rapid planning of the so-called sector.

01:57In the middle of the reciprocal tariff of America,

01:59NEDA also gave time for the Philippines to strengthen its free trade agreement with ASEAN and other countries.

02:08From Radyo Pilipinas, Angela Penaloza for Balitang Pambansa.

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