A STUDY showed that investments in agro-processing will accelerate economic growth. Philippine Institute for Development Studies (PIDS) researchers Connie Bayudan-Dacuycuy and Ramonette B. Serafica, in their study, said there is a huge potential in increasing the longevity of Philippine agricultural products through improving the countrys agro-processing.
The research, Harnessing the Potential of the Philippines Agricultural Sector: An Assessment using the Product Space, suggested developing the agro-processing industry as a strategy to harness the potential of the agricultural sector as a contributor to sustainable economic growth and employment.
While there were efforts to industrialize the agriculture sector in a bid to improve it, this did not reflect in the exports of agricultural products.
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