THE West Philippine Sea (WPS) is not about expanding territories but increasing China's access to food sources, according to an economist from the University of Asia and the Pacific (UA&P). In the East West Bank economic forum, UA&P founder and Constitutionalist Bernardo M.
China Coast Guard rams BRP Teresa Magbanua near Escoda Shoal in West Philippine Sea. PCG Commodore Jay Tarriela said the PCG patrol vessel was rammed three times despite no provocation coming from PCG. China Coast Guard accuses Teresa Magbanua of “deliberately” colliding with a China Coast Guard vessel. Photo: Philippine Coast Guard
Villegas said China does not have agriculture resources and its recent foray into Africa and Latin America failed. This left Southeast Asia the only option to get additional food sources. He said that while there are young Filipinos who are keen on going into agribusinesses, many view agribusiness as only farming. Villegas said this should not discourage younger Filipinos since agriculture is not just about farming or planting crops.
This would further encourage more investments into the sector. He noted that big corporations are now taking notice, as businesmen such as Manuel V. Pangilinan have set their eyes on the sector by buying the known ice cream brand, Carmen’s Best, for instance. Last month, the government said it is now eyeing to review the provisions of the Mutual Defense Treaty with the United States amid China’s growing aggression in the West Philippine Sea.
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