President Ferdinand R. Marcos Jr. has signed Executive Order (EO) 104, temporarily setting the import duty on tin mill black plates (TMBP) to zero percent for three years.
The measure, signed on November 6 and made public on Saturday, aims to support local tin plate and tin-free steel industries that supply the country’s canned food manufacturers. It also seeks to ensure a stable supply of raw materials, maintain affordable canned goods, and strengthen the competitiveness of Philippine food processors in both local and export markets.
To date, there is no local production of TMBP or any available substitute in the country. TMBP serves as the main raw material for tin plates and tin-free steel used in the canned food industry.
The EO follows the recommendation of the Economy and Development (ED) Council, which stated that “the temporary modification of the MFN tariff rate would revitalize local tin plate and tin-free steel manufacturing, stabilize the supply chain, reduce production costs, generate employment, and foster a favorable environment for investments.”
The Department of Economy, Planning and Development is directed to submit its findings and recommendations to the President one year after the zero-tariff implementation.
EO 104 will take effect 30 days after its publication in the Official Gazette or a newspaper of general circulation.
