Under PD No. 1, the Tariff Commission was placed under the supervision of which agency?

Study for the Tariff Law 2 – Tariff Commission Exam. Utilize flashcards and multiple choice questions, enhanced with hints and explanations. Prepare efficiently for your test!

Multiple Choice

Under PD No. 1, the Tariff Commission was placed under the supervision of which agency?

Explanation:
Under Presidential Decree No. 1, the Tariff Commission was placed under the supervision of the National Economic and Development Authority. This reflects the idea that tariff policy should be integrated with the country’s overall development planning. NEDA was established to coordinate economic plans and ensure policies across agencies work toward common development goals. Having the Tariff Commission under NEDA means tariff decisions are aligned with macroeconomic strategy and long-term objectives, rather than resting with a line department focused on revenue, trade promotion, or sector-specific concerns. The other agencies—one that handles trade and industry, another that collects taxes, and another that focuses on agriculture—would each pursue their own narrower mandates. Placing the Tariff Commission under a planning authority ensures tariffs support broader development planning rather than operating in isolation.

Under Presidential Decree No. 1, the Tariff Commission was placed under the supervision of the National Economic and Development Authority.

This reflects the idea that tariff policy should be integrated with the country’s overall development planning. NEDA was established to coordinate economic plans and ensure policies across agencies work toward common development goals. Having the Tariff Commission under NEDA means tariff decisions are aligned with macroeconomic strategy and long-term objectives, rather than resting with a line department focused on revenue, trade promotion, or sector-specific concerns.

The other agencies—one that handles trade and industry, another that collects taxes, and another that focuses on agriculture—would each pursue their own narrower mandates. Placing the Tariff Commission under a planning authority ensures tariffs support broader development planning rather than operating in isolation.

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