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.
