Marikina City 2nd district Rep. Stella Quimbo said that “safety nets” for local industries must be established under the era of the Regional Comprehensive Economic Partnership (RCEP).
Marikina City 2nd district Rep. Stella Quimbo said that “safety nets” for local industries must be established under the era of the Regional Comprehensive Economic Partnership .Quimbo had this to say to Department of Trade and Industry officials even as she noted that the country hasn’t fared well historically in implementing such measures for sectors that have been impacted by economic liberalization.
“I’d like to urge government agencies…to do a good job in providing the support service…kasi, historically sa totoo lang hindi tayo naging magaling, unfortunately, sa pag provide ng safety nets sa mga naging losers po ng mga economic liberalization. In fact lagi tayong huli ,” Quimbo said during a House panel hearing Tuesday, Feb. 21, a few hours ahead of the Senate’s ratification of RCEP.
The economist-solon cited as an example the Rice Tariffication Law, which according to her was a noble law that sought to bring down the price of rice. One safety net of the law is the Rice Competetiveness Enhancement Fund , which, through the use of collected tariffs, was supposed to capacitate local farmers through mechanization and distribution of inbred rice seeds.So, all of these failures give economic liberalization a bad name. That’s the reality today…may existential fear, dun po tayo nanggagaling. Kasi hindi tayo magaling historically sa pagpapatupad ng mga safety nets for economic liberalization ,” she explained.
To the DTI, Quimbo added: “Yun ang aking hiling sa inyo . Please do a good job on this and if there’s a need to centralize all of these efforts by way of creating an economic liberalization safety net fund of sorts, and maybe make it private-led para siguradong maibaba ang mga pondo na ito in a timely manner and in a rational manner, ako ay bukas sa ganyang mga kaisipan and just get in touch with me I will gladly sponsor that kind of initiative.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
NEDA chief: RCEP won’t hurt local agri sector"With regards to the allegation that the agricultural sector will be hurt, there&39;s no truth to that… whether or not there is RCEP, we need to invest in agriculture. Kinakailangan nating ma-address ‘yung mga concerns,” National Economic and Development Authority Secretary Balisacan said during a Palace briefing.
Baca lebih lajut »
House leaders back RCEP deal ratificationHouse Speaker Martin Romualdez has led his congressmen-colleagues in expressing their full support for the immediate ratification by the Senate of the Regional Comprehensive Economic Partnership (RCEP) deal.
Baca lebih lajut »
RCEP seen to create 1.4 million jobs for Filipinos by 2031MANILA, Philippines — The Regional Comprehensive Economic Partnership (RCEP) is seen to create 1.4 million jobs for Filipinos by 2031, Senate President Juan Miguel Zubiri said Monday. During
Baca lebih lajut »
PCCI presses Senate on RCEP ratification - BusinessWorld OnlineTHE PHILIPPINE Chamber of Commerce and Industry (PCCI) pressed the Senate to ratify the Regional Comprehensive Economic Partnership (RCEP), as it would provide “unparalleled opportunities for Philippine businesses and prime the country for further economic growth and development.” In a statement on Sunday, the PCCI said that it sent a letter to Senate President Juan […]
Baca lebih lajut »
FEF supports urgent RCEP ratificationThe Foundation for Economic Freedom (FEF) strongly supports the immediate ratification of the Regional Comprehensive Economic Partnership Agreement (RCEP) by the Philippine Senate to strengthen the country’s ties and partnerships with other nations.
Baca lebih lajut »
House backs RCEP passage to boost investment outlook | Jovee Marie de la CruzThe leadership of the House of Representatives has expressed its full support for the immediate ratification by the Senate of the Regional Comprehensive Economic Partnership (RCEP) agreement. In House Resolution 728, which supports the Senate’s ratification of RCEP, Speaker Martin Romualdez said by immediately ratifying the RCEP agreement, the Philippines…
Baca lebih lajut »