The National Economic and Development Authority (Neda) warns that uncompetitive practices hinder the Philippines' food security goals. Socioeconomic Planning Secretary Arsenio Balisacan emphasizes the importance of procompetitive policies, regulations, and programs to combat hunger. He stresses the need for fair market competition in agricultural inputs, storage, logistics, and distribution to drive efficiency, innovation, and benefit consumers. Balisacan highlights the government's recent efforts to control food inflation, including lowering rice tariffs and removing non-tariff barriers to encourage local food supplies.
UNCOMPETITIVE practices prevent the country from attaining its food security goals, according to the National Economic and Development Authority .
“Of particular relevance to us today is how competition enforcement and, more broadly, the arsenal of policy tools with implications for competition, can be useful instruments for promoting agricultural development within a developing-economy context and under a ‘new normal’ of highly disruptive forces,” Balisacan said.
He noted that the Philippine government’s recent efforts in this regard is to control food inflation, such as lowering rice tariffs and removing non-tariff barriers to encourage market players to augment local food supplies.
FOOD SECURITY COMPETITION POLICY AGRICULTURAL DEVELOPMENT INFLATION PHILIPPINE ECONOMIC
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