PBBM signs into law Anti-Agricultural Economic Sabotage Act
For more news, visit:
►https://www.ptvnews.ph/
Subscribe to our DailyMotion Channel:
►http://www.dailymotion.com/peoples-television-incorporated
Subscribe to our YouTube channel:
►http://www.youtube.com/ptvphilippines
Like our Facebook pages:
►PTV: http://facebook.com/PTVph
►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas
Follow us on Twitter:
►http://twitter.com/PTVph
Follow us on Instagram:
►https://www.instagram.com/ptvph
Watch our livestream on:
►http://ptvnews.ph/livestream/
►https://www.dailymotion.com/PTVPhilippines
Watch our News Programs, every Mondays to Fridays
Rise and Shine Pilipinas - 6:00 - 8:00 am
Bagong Pilipinas Ngayon - 12:00 - 1:00 pm
Sentro Balita - 1:00 pm - 2:00 pm
Ulat Bayan - 6:00 pm - 7:00 pm
PTV News Tonight - 9:30 pm - 10:30 pm
Saturday & Sunday:
►Ulat Bayan Weekend - 6:15 pm - 7:00 pm
For more news, visit:
►https://www.ptvnews.ph/
Subscribe to our DailyMotion Channel:
►http://www.dailymotion.com/peoples-television-incorporated
Subscribe to our YouTube channel:
►http://www.youtube.com/ptvphilippines
Like our Facebook pages:
►PTV: http://facebook.com/PTVph
►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas
Follow us on Twitter:
►http://twitter.com/PTVph
Follow us on Instagram:
►https://www.instagram.com/ptvph
Watch our livestream on:
►http://ptvnews.ph/livestream/
►https://www.dailymotion.com/PTVPhilippines
Watch our News Programs, every Mondays to Fridays
Rise and Shine Pilipinas - 6:00 - 8:00 am
Bagong Pilipinas Ngayon - 12:00 - 1:00 pm
Sentro Balita - 1:00 pm - 2:00 pm
Ulat Bayan - 6:00 pm - 7:00 pm
PTV News Tonight - 9:30 pm - 10:30 pm
Saturday & Sunday:
►Ulat Bayan Weekend - 6:15 pm - 7:00 pm
Category
🗞
NewsTranscript
00:00Smugglers who slip their products and sell them illegally in the country deprive government
00:05of billions each year in taxes slash revenues, a whopping $3 billion in agricultural products
00:11alone last year.
00:12Now throw in essential food items and produce hoarded for quite some time to jack up prices.
00:18What we have is the fleecing of government and the Filipino people.
00:23So the president and government is fighting back with a new piece of legislation with
00:28teeth and stiffer penalties to put them out of business as our Claisel Pardilla reports.
00:37President Ferdinand R. Marcos Jr. has signed into law the Anti-Agricultural Economic Sabotage
00:42Act.
00:43The new legislation seeks to protect local farmers, fishermen, and consumers from illegal
00:49activities including the smuggling of agricultural products and manipulating supply and prices.
00:55It also targets hoarders who restrict supply, those engaged in profiteering during crisis,
01:02as well as cartels by imposing heavier penalties to these unscrupulous individuals.
01:08Under this law, smuggling, hoarding, profiteering, and cartel operations involving agricultural
01:15and fishery products will now be classified as economic sabotage, a non-bailable offense
01:22punishable by life imprisonment, and fines up to five times the value of the goods involved.
01:29In 2023, the government lost three billion pesos due to agricultural smuggling.
01:35Over the past nine months, authorities seized around 230 million pesos worth of smuggled
01:42agricultural products.
01:44These illegal goods often come without proper taxes, resulting in significant revenue losses
01:50for the government.
01:52Additionally, local farmers and fishermen are severely disadvantaged, unable to compete
01:58with the cheaper but illegal products flooding the market.
02:02The public's health is also at risk, as many of the smuggled items bypass sanitary permits
02:08and safety regulations.
02:11Every sack of smuggled rice, every under-the-table onion deal, every substandard meat sneaking
02:19past the quarantine checks, these are not just numbers.
02:23They represent lives, families, and futures that are being compromised.
02:28These crimes threaten not only our economy, but our national security as well.
02:33It jeopardizes the livelihood of hardworking Filipino farmers and fisherfolk, and it threatens
02:39the food sustainability of our communities.
02:43But that will end with a new law, which was conceived to go after masterminds and those
02:48aiding and abetting them.
02:50This law does not just target the masterminds.
02:53It holds all accomplices accountable, financiers, brokers, employees, even transporters.
03:00We are establishing the Anti-Agricultural Economic Sabotage Council, which I will chair.
03:06An Anti-Agricultural Economic Sabotage Enforcement Group will be established to identify and
03:11apprehend smuggling operations.
03:14Additionally, a special team of prosecutors will be designated to ensure smugglers are
03:19charged and penalized.
03:21The Department of Agriculture has expressed its approval of the new law, which grants
03:26the DA the authority to inspect warehouses and cold storage facilities nationwide.
03:32Agriculture Secretary Francisco T. Laurel Jr. issued a strong warning following this
03:36developments.
03:37We will do our best to apprehend these smugglers, and we hope that they have a plan to do illegal
03:49smuggling because this is non-bailable if you get caught.
03:54We will apprehend all of you.
03:56Klezel Pardilia, for the new and better Philippines.