Agriculture Secretary Francisco “Kiko” Tiu Laurel Jr. today (September 26, 2024) welcome the signing into law of the Anti-Agricultural Economic Sabotage Act, a measure that imposes stiffer penalties against smugglers and hoarders of agricultural food products including cartels.
“This new law that penalizes violators with higher fines and long jail terms, should instill fear in the minds of smugglers and hoarders, and force them to mend their ways,” Tiu Laurel said. “This would also benefit our farmers and fisherfolk whose livelihood are imperiled by unscrupulous hoarders and smugglers,” he added.
Signed into law by President Ferdinand Marcos Jr. on Wednesday, the Anti-Agricultural Economic Sabotage Act (AGES) treats smuggling and hoarding of agricultural food products as economic sabotage when the value of goods exceed P10 million. Creating cartels and financing smugglers and hoarders will also be considered economic sabotage.
Full story: https://www.da.gov.ph/da-chief-new-law-declares…/
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