Farm sector should be more welcoming to foreign trade

Seven large organizations maintained the country’s farm sector should be more welcoming to foreign trade and investments in a bid to keep food available and affordable for Filipinos.

The groups include the American Chamber of Commerce of the Philippines, Cold Chain Association of the Philippines, Federation of Filipino-Chinese Chambers of Commerce and Industry, and Fisheries and Aquaculture Board of the Philippines.

They are joined by the Meat Importers and Traders Association, Foundation for Economic Freedom, and the Philippine Association of Flour Millers.

They emphasized imports help dampen food price inflation, which eats up purchasing power of consumers at when local food production falls short of demand.

As the groups push for a more open agriculture sector, they emphasized the importance of doubling up on efforts to keep the country safe from possible diseases, pests and other hazards that imports may introduce.

Source: https://www.philstar.com/business/2021/05/25/2100538/open-agriculture-trade-only-what-philippines-cannot-produce

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