AGRIBUSINESS
About 12 million Filipinos work in the agricultural sector. If the country can significantly increase its exports and imports of agricultural goods, agricultural provinces would generate much greater revenue, provide more employment opportunities, and lessen poverty in rural areas. This is especially important for Mindanao, the country's breadbasket that has great underdeveloped potential for agricultural exports.
Background
The Philippine agricultural sector comprised 19% of GDP in 2009 and employed 34% of the labor force. Yet agricultural products made up only 8.3% of total Philippine commodity exports and Philippine agricultural exports were the smallest of the ASEAN-5. [ Read This Chapter ]Recommendations
Philippine agriculture needs to explore fully the immense new market opportunities that AFTA and other new FTAs present for both traditional and new agricultural exports. The farming sector should be made more aware of these enhanced export opportunities.... [ Read This Chapter ]
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