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Questions and Answers
The Philippines has liberalized its trade policy since the early 1960s.
False
The Philippines has increased tariff rates as part of its trade policy liberalization.
False
The Philippines has removed import quantitative restrictions as part of its trade policy liberalization.
True
The Philippines has restricted trade by increasing tariff rates and imposing import quantitative restrictions.
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The Philippines liberalized its trade policy by maintaining high tariff rates and imposing import restrictions.
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Study Notes
Based on the discussion, the Philippines since the early 1980s has liberalized its trade policy by reducing tariff rates and removing import quantitative restrictions.
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Description
Test your knowledge of the Philippines' trade policy liberalization since the 1980s, including tariff rate reductions and removal of import restrictions.
