4 days ago
DA to take key role in push to cut red tape for agri, fisheries investments
The Department of Agriculture (DA) is set to take a central role in the implementation of a joint circular backed by 38 national government agencies that is seen to fast-track strategic investments in agriculture and fisheries, the agency said Sunday.
In line with the joint memorandum circular (JMC), a dedicated investment facilitation network (INFA-Net) Unit will be established to ensure the timely evaluation and approval of investment proposals in agribusiness, agricultural mechanization, food security, and rural infrastructure.
The INFA-Net Focal Unit will be led by the DA's Agribusiness and Marketing Assistance Service (AMAS), in coordination with the Policy Research Service (PRS).
It is seen to cut red tape and to create a more transparent and investor-friendly climate, which the DA hopes would catalyze investments to modernize farming and fisheries practices, improve productivity, and increase incomes in agricultural communities.
'This initiative doesn't just target investors. It's about uplifting our farmers and fisherfolk, generating rural employment, and ensuring long-term food security for the nation,' DA Secretary Francisco Tiu Laurel Jr. said in a statement released Sunday.
This is in line with the Ease of Doing Business and Efficient Government Service Delivery Act of 2018 which reinforces the government's push to improve public service efficiency and promote investor confidence.
The JMC is a multi-agency effort involving 38 national government offices including the Departments of Trade and Industry (DTI), Finance (DOF), Economy, Planning, and Development (DepDev), and the Interior and Local Government (DILG), along with the Bureau of Customs (BOC).
'This JMC is a significant step forward in our commitment to making it easier for investors to do business in the Philippines' agri-fishery sector,' Tiu Laurel said.
'With improved coordination and more efficient systems in place, we are creating an environment that attracts investment and drives inclusive rural development,' he added. — Jon Viktor Cabuenas/RF, GMA Integrated News
