Jovee ON THE RATIFICATION OF BICAMERAL CONFERENCE REPORT ON ANTI-AGRICULTURAL ECONOMIC SABOTAGE ACT

Today is a significant victory for our agricultural sector and the Filipino people. The House of Representatives has ratified the bicameral conference committee report on the Anti-Agricultural Economic Sabotage Act. This crucial legislation, a priority of the Legislative-Executive Development Advisory Council, aims to boost agricultural productivity and protect farmers and fisherfolk from smugglers, hoarders, and profiteers.

President Ferdinand “Bongbong” R. Marcos Jr., in his 2023 State of the Nation Address, warned that the days of smugglers and hoarders are numbered, identifying them as key contributors to rising agricultural prices. This Act is our response to his call for action.

I extend my deepest gratitude to Speaker Martin Romualdez for his leadership and support in advancing this vital legislation. I also commend my fellow congressmen and senators for their tireless efforts in ensuring its swift passage. This collective commitment underscores our dedication to protecting the livelihoods of our farmers and fisherfolk and ensuring fair market competition.

The Act imposes severe penalties on smuggling, hoarding, profiteering, and cartel operations, covering a wide range of agricultural and fishery products. It empowers the Department of Agriculture, in coordination with other agencies, to establish a Daily Price Index to prevent price manipulation and ensure fair pricing. The creation of the Anti-Agricultural Economic Sabotage Council and a Special Team of Prosecutors within the Department of Justice will ensure robust oversight and enforcement.

As we move forward, let us remain vigilant and committed to supporting our agricultural sector. Together, we can build a more prosperous and resilient future for our farmers, fisherfolk, and consumers. (END)