{"id":131181,"date":"2017-11-14T09:34:47","date_gmt":"2017-11-14T14:34:47","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=131181"},"modified":"2017-11-14T09:34:47","modified_gmt":"2017-11-14T14:34:47","slug":"arroyo-pushes-for-investment-in-agri-devt","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/11\/14\/arroyo-pushes-for-investment-in-agri-devt\/","title":{"rendered":"Arroyo pushes for investment in agri dev\u2019t"},"content":{"rendered":"

\"FILE:<\/a>
FILE: During the close of the three-day ASEAN Business and Investment Summit (ABIS) 2017 here, now Pampanga Rep. Arroyo said Philippine agriculture is vulnerable to ASEAN integration. (Photo by World Economic Forum ([1]) [CC BY-SA 2.0)<\/a><\/figcaption><\/figure>MANILA\u2014 Former President Gloria Macapagal-Arroyo on Tuesday underscored the need for the Philippines to invest in infrastructure, particularly for agriculture development, to fully realize the benefits of Association of Southeast Asian Nations (ASEAN) economic integration.<\/p>\n

During the close of the three-day ASEAN Business and Investment Summit (ABIS) 2017 here, now Pampanga Rep. Arroyo said Philippine agriculture is vulnerable to ASEAN integration.<\/p>\n

\u201cIt is better for all members to embrace regional integration while providing safety nets for the disadvantaged sectors and states,\u201d she said.<\/p>\n

Arroyo noted that the Philippines and the agriculture exporting countries, except for Vietnam whose rice is highly competitive, should invest more in agricultural infrastructure, credit, marketing assistance for farmers and fisherfolk, and research and development.<\/p>\n

On the regulatory framework, she said it is more important that the regulatory system must empower the use of farmlands as collaterals even as the country has implemented a land reform.<\/p>\n

\u201cSo the small farmers can enter the formal financing system and again I cannot overstress that financial technology is so important for developing and modernizing any sector, including agriculture,\u201d she added.<\/p>\n

Arroyo also underscored the need for agribusiness to have rural non-farm activities like processing, where more diversification and complementation can happen.<\/p>\n

\u201cThis is where SMEs (small and medium enterprises) can thrive rather than wither under the pressure of economic integration. But since to the strong goes the victory, the SMEs must also become stronger,\u201d she added.<\/p>\n

Arroyo said year 2025 is supposed to be the year of ASEAN full integration to realize the region\u2019s full potential as a major global economic force in the next 50 years.<\/p>\n

\u201cASEAN integration provides for more foreign investments. As the sixth largest economy in the world and the world\u2019s fourth largest trader, the ASEAN community stands to attract enterprises from within and outside,\u201d she added.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u2014 Former President Gloria Macapagal-Arroyo on Tuesday underscored the need for the Philippines to invest in infrastructure, particularly for agriculture …<\/p>\n","protected":false},"author":33,"featured_media":86423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[33065,33063,33064],"class_list":["post-131181","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-association-of-southeast-asian-nations-asean-economic-integration","tag-former-president-gloria-macapagal-arroyo","tag-philippines-to-invest-in-infrastructure","mauthors-leslie-gatpolintan","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/131181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=131181"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/131181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/86423"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=131181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=131181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=131181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}