The Department of Agriculture (DA) is streamlining its regulatory processes to reduce food costs and attract investors to the agriculture sector.
Agriculture Undersecretary Asis Perez announced plans to implement changes next year to simplify procedures and eliminate redundant requirements that increase food costs.
The DA aims to complete a department-wide review over the next eight months, focusing on making regulations more efficient.
One identified redundancy is the repeated submission of documents by cold storage players, which the DA plans to eliminate.
The regulatory improvements are expected to lower costs and encourage investment in agriculture by providing a more consistent and reasonable policy environment.
Source: PhilNews24 | June 26, 2024
