Skip to content

CPAP

Home » Inflation busters just short-term fix; farms need govt help–experts

Inflation busters just short-term fix; farms need govt help–experts

  • by

ANALYSTS said the executive issuances released by Malacañang last week can help moderate inflation, but they also believe the government must exert more effort in improving agriculture in order to fully address the problem, especially for the medium to long term.

ANALYSTS said the executive issuances released by Malacañang last week can help moderate inflation, but they also believe the government must exert more effort in improving agriculture in order to fully address the problem, especially for the medium to long term.

Malacañang released last week Administrative Order (AO) 13 on removing nontariff barriers and streamlining administrative procedures, as well as three memorandum orders listing the other government measures to curb inflation.

Notably, the AO also authorized the National Food Authority Council to approve additional rice importation beyond the minimum access volume (MAV) commitment specified under Executive Order 23, series of 2017, for allocation to the private sector, subject to conditions imposed by Republic Act 8178, or the Agricultural Tariffication Act of 1996. The latter allows importation of certain agricultural products beyond MAV upon payment of appropriate rates of duties and compliance with other conditions specified therein.

See full article at Business Mirror

Loading

Leave a Reply

Your email address will not be published. Required fields are marked *