Rappler's latest stories on sugar importation
'We do not want another industry to fall and falter because of the liberalizing imports of these products,' says Senate Majority Leader Juan Miguel Zubiri
After the government manages to speedily pass the Rice Tariffication law, will the same be said for sugar?
This comes after a number of senators passed a resolution opposing the plan of some economic managers to liberalize sugar imports
'They said that this hampers the capability of local processors to compete,' says Agriculture Secretary Emmanuel Piñol
The long-overdue partnership is expected to produce studies scrutinizing the competitiveness of various industries
'It is alarming to note that this decision to liberalize sugar importation stemmed from a collegial body which means all economic planners are into this,' says Sugar Regulatory Administration board member Emilio Yulo
Various groups in the rice industry urge President Rodrigo Duterte to veto provisions which they say would lead to loss of jobs
Budget Secretary Benjamin Diokno says the move will 'put pressure on the domestic economy to compete with the rest of the world'
Sugar prices are now at almost P3,000 per 50-kilogram bag, prompting the government to import to stabilize prices
The law aims to aid the development of the sugarcane industry especially as import duty will be 5 this year