Marcos signs anti-agri economic sabotage law

by Kristina Maralit - Philippine News Agency

Sep 27, 2024 12:19 am

PRESIDENT Ferdinand Marcos Jr. on Thursday signed a new law to combat agricultural smuggling, profiteering and hoarding, making food more affordable and accessible, and providing better income to local farmers.

In a ceremony at Malacañan Palace, Marcos signed Republic Act 12022, or the Anti-Agricultural Economic Sabotage Act, before members of both houses of Congress, Cabinet members, and other agriculture stakeholders.

MORE TEETH President Ferdinand Marcos Jr. signs Republic Act 12022, or the Anti-Agricultural Economic Sabotage Act, before members of both houses of Congress, Cabinet members, and other agriculture stakeholders in a ceremony at Malacañan Palace on Sept. 26, 2024. A priority measure of the administration, the new law makes agricultural smuggling, hoarding, profiteering, cartel and financing of these crimes classified as acts of economic sabotage and will carry a penalty of life imprisonment and hefty fines. RYAN BALDEMOR/PPA POOL

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