The RCEP has four key components: 1.) Rice farm mechanization; 2.) Inbred rice seed development, propagation, and promotion; 3.) Expanded rice credit assistance; and 4) rice extension services. RICE COMPETITIVENESS ENHANCEMENT FUND. SEED /MECHANIZATION /CREDIT | EXTENSION. The Republic Act No. 11203 otherwise known as the “Rice Tariffication Law” was promulgated to ensure food security continue reading : MAYOR MANOLET TOGETHER WITH THE MUNICIPAL AGRICULTURE AND FISHERIES OFFICE AND PHILRICE DISTRIBUTED SEEDS TO THE FARMERS WHO HAVE BEEN REGISTERED IN THE RCEP PROGRAM