Philippines: DA chief Laurel calls for Fisheries Development Authority (PFDA) charter amendment
Regulation & Compliances
Published Nov 29, 2023
Agriculture Secretary Francisco Tiu Laurel Jr. is pushing for changes to the Philippine Fisheries Development Authority (PFDA) charter to expand its role in developing and managing marine and agro-industrial estates. He believes these estates should be one-stop shops for farming and marine products, similar to successful models in South Korea and Japan, and wants the World Bank's assistance in realizing this vision. Laurel also recognizes the need for digital transformation and improved logistics in the agriculture sector and plans to appoint an assistant secretary solely focused on logistics.
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Agriculture Secretary Francisco Tiu Laurel Jr. is calling for the amendment of the charter of the Philippine Fisheries Development Authority (PFDA) in a bid to expand its function. In a statement on Tuesday, Laurel said that amending the PFDA’s functions would include developing and managing marine and agro-industrial estates across the country to ensure ample food supply. The DA chief added that tweaking the PFDA charter corresponds with the Philippine Rural Development Program (PRDP) and President Ferdinand Marcos Jr.’s goal of modernizing the agriculture sector. The Agriculture chief said that marine and agro-industrial estates should be one-stop shops that will house ports, cold storage facilities, silos, and warehouses to store farm and marine products such as rice, sugar, vegetables, palm oil, and other basic commodities and ensure their stable supply. “I’ve seen this model successfully implemented in South Korea and Japan. I hope the World Bank can help us realize this ...