Philippines stops importing some frozen fish to protect aquaculture industry

Published 2024년 5월 6일

Tridge summary

The Philippine government is set to implement measures to protect its local aquaculture industry by preventing unscrupulous fish importers from evading Value-Added Tax (VAT) by transferring frozen fish. This move, announced by Agriculture Secretary Francisco Tiu Laurel Jr., is expected to stimulate the growth of the local industry, encourage the expansion of aquaculture, increase the domestic fish supply, and meet the demand in the local market. David Villaluz, president of the Philippine Fish Producers Association, supports the initiative, believing that reducing fish imports will be beneficial for the local industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Agriculture Secretary Francisco Tiu Laurel Jr. said the move would help the local aquaculture industry by preventing unscrupulous fish importers from transferring frozen fish to evade VAT. David Villaluz, president of the Philippine Fish Producers Association, said reducing fish imports would ...
Source: Foodmate

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