RTL a 'game changer'

NO other than Finance Secretary Carlos Dominguez 3rd stated it very clearly: the Rice Tariffication Law (RTL), or Republic Act 11203, is a "game changer" that lowered the retail price of rice and funded more programs to modernize the country's rice industry.

"The RTL was finally achieved after more than 30 years of failed attempts under previous administrations. The law opened up the Philippine rice market and in turn, lowered the price of the country's staple food for more than 100 million Filipinos," Secretary Dominguez said in his presentation during the during the Philippine Economic Briefing held on April 5, 2022 at the Philippine International Convention Center.