Section 32Sec./Art. 32

Tariff and Related Matters Committee (TRMC). - The TRMC shall be composed of the Secretaries of the DA, DBM, DEPDev, DFA, DICT, DOF, DOLE, and DTI, the Executive Secretary, the Chairpersons of the TC and the Philippine Competition Commission, and the Governor of the BSP.

The Secretaries of the DTI and the DEPDev shall serve as co-chairpersons of the TRMC.

The TRMC shall have the following functions:

(a) Recommend to the President a traded and tariff rationalization policy that supports the attainment of the country's socio-economic objectives;

(b) Advise the President and the ED Council on tariff and non-tariff matters, including possible effects of international developments on trade to ensure that trade policy is consistent with the country's development goals and utilized as a tool towards efficiency, streamlining, and competitiveness; and

(c) Recommend the implementation of national positions for bilateral, regional, and multilateral economic negotiations on trade in goods and services.