President Ferdinand Marcos Jr. has issued Executive Order No. 104 lowering import duties on tin-mill blackplate (TMBP), a key material for tin cans used in canned goods, to help stabilize supply and reduce production costs.
The order, signed by Executive Secretary Lucas Bersamin, will be in effect for three years and reviewed after one.
Malacañang noted there is no local production of TMBP, making the tariff cut necessary to support local tin plate and tin-free steel industries.
The move aims to boost local manufacturing, lower consumer prices, create jobs, and attract more investments in the canned food sector.IMT
