Business World

Senate bill mooted to create fisheries dep’t

- Camille A. Aguinaldo

SENATE PRESIDENT Pro Tempore Ralph G. Recto on Tuesday said he intends to file a bill creating a department of fisheries and aquacultur­e that would be focused on addressing the high prices of fish.

Mr. Recto made the statement in reaction to the 6.7% October inflation reported by the Philippine Statistics Authority (PSA) also on Tuesday.

In his text message to reporters, he said Congress will pass rice tarifficat­ion legislatio­n within the year to help ease inflation. However, he noted that all duties from the rice tariffs must be used to help farmers increase their productivi­ty.

The rice tarifficat­ion bill seeks to liberalize rice importatio­n while installing a tariff regime for the commodity. The Senate version of the bill remains pending on second reading while its counterpar­t version in the House of Representa­tives passed on third and final reading on Aug. 14.

Over the longer term, the Senate leader proposed the creation of the fisheries department to help ease the work of the Agricultur­e Secretary. Currently fisheries are handled by a bureau under the Department of Agricultur­e.

“In the long-term, I am proposing to create a department of fisheries and aquacultur­e to help address the high price of fish,” he said.

“It makes sense to have a secretary of agricultur­e to oversee 10 (million) hectare of agricultur­al land and a (secretary) of fisheries to oversee 250 (million) hectares of fisheries EEZ (exclusive economic zone). (I) will be filling a bill,” he added.

Similar measures have been filed in the Senate, introduced by Senators Sherwin T. Gatchalian, Risa N. Hontiveros-Baraquel, Loren B. Legarda, Francis N. Pangilinan, and then-senator Alan Peter S. Cayetano. The bills remained pending in the committee of agricultur­e and food, chaired by Senator Cynthia A. Villar.

Mr. Recto, who was also former Socioecono­mic Planning Secretary, also said that inflation is expected to decline soon in line with rice and oil prices. However, he noted that oil prices are volatile and may increase due to pressure exerted by the United States on China, India and other countries to stop importing oil from Iran. —

Newspapers in English

Newspapers from Philippines