Marcos administration enacts landmark law to tackle agricultural cartels and smuggling

Quick Summary:

President Ferdinand Marcos Jr.signed Republic Act (RA) 12022, or the Anti-Agricultural Economic Sabotage Act (AGES), on September 26 (see "New law will dismantle cartels behind smuggling of agri goods’,” BusinessMirror, September 27, 2024).

The Marcos administration enacted one of the most important measures that could improve the competitiveness of the country’s agriculture sector last month.

The primary objective of the law is to dismantle cartels behind the smuggling and hoarding of agricultural products and to prevent profiteers from taking advantage of supply tightness.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: PhilippinesUnited States

Topics: Price Creation Sabotage Smuggling 12022 Products Agricultural Economic Agriculture Agencies Index

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 16:02:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 559 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23204340

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Official Website: businessmirror.com.ph

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