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What is Flexible Clause for Import Duties about?

The flexible clause allows the President to increase, reduce, or remove import duties and establish import quotas or bans as needed to protect the national economy, general welfare, and national security. The President acts upon recommendation from the National Economic and Development Authority after it investigates the issue, holds public hearings, and considers views from government agencies. The Bureau of Customs also provides findings and recommendations to NEDA within 30 days of hearings. The Presiden

Author

Cheryl Navarro

Language

EN