With the Philippines being a highly agricultural country, it’s safe to say that the agriculture sector is one that the country must develop and help continue to flourish. According to statista.com, “the contribution of the agriculture, forestry, and fishing sector industry to the GDP of the Philippines was at 9.6 percent in 2021.”
In addition, renowned economist, Dr. Bernardo M. Villegas mentioned in his 3-part article called, “Transitioning to the Next Administration,” that agriculture is one of the “sectors which had most to do with economic development,” together with finance and industry. In the articles published just May of this year, Dr. Villegas reiterated that the government should include agriculture, particularly developing ways on “how to improve the productivity of the agricultural sector” as part of their focus for the upcoming years. It was also shared that the Department of Agriculture itself provided some programs which they hoped the new government will implement – specifically, “consolidation, modernization, industrialization and professionalization.”
This information is backed even further through the Center for Research and Communication (CRC) Series of Economic Fora which was launched in 2021 in partnership with the Department of Interior and Local Government (DILG). Session 9 of the said webinar series featured DILG Usec. Jonathan Malaya, Ms. Tonette De Jesus of Konrad-Adenauer-Stiftung Philippines Office, Sec. William D. Dar of the Department of Agriculture – Philippines, Dr. Rolando Dy of Center for Food and Agribusiness – CFA, Quezon Province, 2nd District Rep. David Jay jay C. Suarez; and Mr. Pablito M. Villegas of Villegas Organic and Hobby Eco-Tourism Farms.
In the talk, DA Secretary William Dar highlighted the importance of making the Philippine’s agricultural sector even more competitive by improving its productivity and resilience. Another key highlight was how Dr. Rolando Dy of the Center for Food and Agribusiness (CFA) explained that“10% of PH Gross Domestic Product (GDP) is in food processing and added that if the country won’t have a productive agriculture, it won’t be a competitive agricultural industry.” Finally, Mr. Pablito Villegas of Villegas Organic and Hobby Eco-Tourism Farms zoomed in on the value of Foreign Direct investors (FDIs) “to accelerate the agricultural restructuring and progressive transformation of the country’s agriculture sector.”
All the topics discussed in the session points to the worth of promoting the country’s agricultural sector especially to FDIs and with CRC’s help, you as an entrepreneur can help contribute to the Philippines’ economy through a beneficial partnership. CRC, as the leading consultancy firm in the Philippines, is considered as the premiere consultancy group of FDIs. It has proven itself to be the expert in matters pertaining to FDIs through its strong partnership with LGUs particularly the Series of Economic Fora mentioned earlier which greatly helped in the amendment of the Public Service Act. This shows that CRC is the go-to firm that will help you experience a worry-free experience once you decide to venture and expand your business in the Philippine market. Discover more by getting in touch with us via +639054280727 or email [email protected].
- Dar, William D., “Session 9 of Economic Fora: Opening the Economy for Recovery: Role of Foreign Direct Investment in the Growth of the Philippine Agricultural Sector”, Center for Local and Constitutional Reform, 17 September 2021: https://www.facebook.com/dilgclcr/photos/a.132537321453837/699837424723821/?type=3
- Dy, Rolando, “Session 9 of Economic Fora: Opening the Economy for Recovery: Role of Foreign Direct Investment in the Growth of the Philippine Agricultural Sector”, Center for Local and Constitutional Reform, 17 September 2021: https://www.facebook.com/dilgclcr/photos/a.132537321453837/699849988055898/?type=3
- Statista Research Department, “Share of agriculture, forestry, and fishing industry to the gross domestic product (GDP) of the Philippines from 2016 to 2021”, Statista, 09 November 2022: https://www.statista.com/statistics/1265742/philippines-gdp-share-of-agriculture-forestry-and-fishing-sector/
- Villegas, Pablito M., “Session 9 of Economic Fora: Opening the Economy for Recovery: Role of Foreign Direct Investment in the Growth of the Philippine Agricultural Sector”, Center for Local and Constitutional Reform, 18 September 2021: https://www.facebook.com/dilgclcr/photos/a.132537321453837/699852031389027/?type=3
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