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Agri reforms needed to attract FDI — AmCham

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THE Philippines needs to reform its agriculture sector to attract foreign investors and boost economic growth, according to an official with the American Chamber of Commerce of the Philippines (AmCham).

THE Philippines needs to reform its agriculture sector to attract foreign investors and boost economic growth, according to an official with the American Chamber of Commerce of the Philippines (AmCham).

In a phone interview, John D. Forbes, AmCham senior adviser, said: “We (AmCham) have almost nobody in agriculture. The Philippines is generally unattractive for foreign investors for agriculture because it is very restrictive in terms of the amount of land you can farm. How can you be a foreign investor and grow crops? You need to reverse the situation with agrarian reform.”

Mr. Forbes said the country’s farming population is decreasing, and the children of farmers are discouraged from going into farming because they do not see any improvement in the lives of their parents, who face difficulties in acquiring the land they farm.

See full article at Business World Online

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