Amid rising food prices, NEDA Secretary Arsenio Balisacan sees the need for the country to liberalize the agriculture sector to allow the timely importation of crucial farm products whenever necessary. | Philbizwatcher /PDI
He noted that the country would turn to importation whenever hit by a shortfall of specific crops but the new supply would usually come at the wrong time or when local farmers had started harvesting.
Improving the regulatory system in “almost all areas” was likewise necessary, the Neda secretary said, adding that investors usually complain about the numerous requirements and the long wait for the issuance of permits. The government has launched several programs to help boost the agriculture sector which has been affected by imports and COVID-19.
The ACEF is on top of the P10 billion for the Rice Competitiveness Enhancement Fund and an additional P1 billion in assistance to farmers and fisherfolk that the Marcos administration has already included in its P5.268-trillion spending plan for 2023.
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