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
Pharmaceuticals And Food Anti-Counterfeiting Technologies Market To Witness Enhanced Rate Of Application Till 2020: Grand View Research, Inc.
Deceptive representation of an original food product and pharmaceutical is...
Gold worth ₹43L seized at MIA
Mangaluru: The Customs officials at Mangaluru International Airport have seized...
Over 12 million illegal cigarettes and thousands of litres of alcohol taken off the streets
More than 12 million illegal cigarettes, thousands of litres of alcohol and 2,000...
Customs agency nails 7 cigarette smugglers
South Korea's customs authorities said Tuesday they have arrested or indicted...