Bill defines smuggling as economic sabotage
The partylist group Abono has filed a bill to fight the smuggling of agricultural products, making the illegal activity a form of economic sabotage. Rosendo So, Abono chair, said House Bill No. 4767, known as the “Direct and Technical Smuggling as Economic Sabotage Act of 2014,” would help local producers and manufacturers compete and eliminate unfair competition. “Imagine the taxes lost because of smuggling and its impact on local farmers who cannot compete with the low prices of smuggled goods,” said So, who is also president of Samahang Industriya ng Agrikultura. So, citing information gathered by Abono, said a total of P65-billion worth of agricultural products like rice, pork and poultry, were smuggled into the country in 2012 and 2013. “Considering the far-reaching effect of smuggling on the Philippine economy and on Filipinos regardless of their socio-economic status, smuggling should be considered a form of economic sabotage,” Abono Representatives Francisco Emmanuel Ortega and Conrado Estrella III said in the bill’s explanatory note.
http://newsinfo.inquirer.net/626665/bill-defines-smuggling-as-economic-sabotage
Related Posts
One in three people who order designer products online receive a fake – prompting retailers to advise customers how to spot counterfeit items
A third of Americans have purchased designer goods online which have turned out...
Illegal drugs cosmetics worth Rs15m seized in raid
Illegal and unregistered medicines worth Rs15 million have been seized in a...
Businessman jailed for running multi-million pound fake clothes factory in Hockley
Inderjit Sangu, aged 67, from West Bromwich, was caught in possession of...
BSF seizes containers with mobile phones floating in river along India-B’desh border, worth Rs 38 lakh
Malda (West Bengal) , October 9 (ANI): The Border Security Force's (BSF) 70...