_________ or the ______ aims to ensure the availability of prime commodities at reasonable prices at all times.
Republic Act No. 7581
Price Act
Under the Republic Act No. 7581 or the Price Act, government may impose two types of price control:
- Automatic Price Control (APC).
- Mandated Price Control (MPC).
This is known when prices of basic necessities are automatically placed under price control whenever the president declares an area under a state of calamity, disaster, emergency, rebellion, war, martial law, or when the privilege of the writ of habeas corpus has been suspended
Automatic Price Control (APC).
This is where the Price Coordinating Council (PPC) or the implementing agency may recommend the imposition of mandated price ceilings on any or all of the products that fall under the list of basic necessities and prime commodities when there is threat existence or effects of a calamity whenever the prevailing prices have risen to unreasonable levels.
Mandated Price Control (MPC).
The Price Act was signed into law by President ________on _______ and took effect on _______
Corazon C. Aquino
May 27, 1992
June 7, 1992.
__________ or __________, provides four major qualifications for a foreign retailer before being allowed to do business in the country.
Republic Act No. 8762
the Retail Trade Liberalization Act
A minimum of _________ million net worth in its parent corporation for Categories B and C and $50 million net worth in its parent corporation for Category D;
US$200
________ branches or franchises in operation anywhere around the world, unless such retailer has at least one store capitalized at a minimum of ________.
Five retailing
$25 million
c. _______ year track record in retailing; and
Five
Only nationals from or juridical entities formed or incorporated in countries which allow the entry of ________ retailers shall be allowed to engage in retail trade in the Philippines.
Filipino
RA 8762 sets the following categories:
Category a to d
_________ or _______, contains measures to protect local manufacturers from trade practices that are seen unfair
Republic Act No 8800
the Safeguards Measures Act
It provides relief to domestic industries when a sudden increase in imports adversely affects local industries.
Republic Act No 8800
the Safeguards Measures Act
Under the law, the government can levy a higher tariff on imports of agricultural products once these breach a certain volume or price, protecting local farmers growing the same products.
Republic Act No 8800
the Safeguards Measures Act
The law also provides an adjustment period for the agricultural sector to become competitive, as well as adjustment plans for other affected sectors to help enhance competitiveness.
Republic Act No 8800
the Safeguards Measures Act
RA 8800 was signed into law last _______
July 19, 2000
_________ or _________changes the basis of dutiable value of imported articles subject to an ad valorem rate of duty from Home Consumption Value (HCV) to Transaction Value (TV).
Republic Act No. 8181
the Transaction Value Act
________ is the price actually paid or payable for goods that are exported to the Philippines.
TV Transaction Value
It is the price that appears on the accompanying commercial or sales invoiced issued in the country of origin or exporting country
TV Transaction Value
Stops overpricing of food and goods during calamities.
Price Act
Allows foreign stores to open in PH but with strict rules.
Retail Trade Liberalization Act
Protects local businesses from too many cheap imports.
Safeguards Measures Act
Changes how imports are taxed, making prices fairer.
Transaction Value Act
