Large-scale smuggling of agricultural products as economic sabotage: seriously?
The problem of smuggling in the Philippines has reached horrendous heights. It retards agricultural production, limits manufacturing, and increases income inequality.
“Smuggling in the Philippines is at its worst under President Aquino’s administration, with the smuggled value averaging $19.6 billion annually, an explosion from the comparable figures of $3.1 billion and $3.8 billion yearly during the terms of Presidents Joseph Estrada and Gloria Macapagal-Arroyo, respectively,” says Rigoberto Tiglao, a noted opinion writer, citing data from the International Monetary Fund.
Related Posts
ICE seizes 181,000 counterfeit items worth nearly $43 million in Laredo, Texas
LAREDO, Texas — Special agents with U.S. Immigration and Customs Enforcement’s...
Counterfeit clippings: news in brief
The Pharmaceutical Research and Manufacturers of America (PhRMA) has been denied...
Illegal tobacco costs $200M a year
The Lebanese treasury can boost revenues by up to $200 million if authorities...
Bullion trader in Gujarat duped with notes carrying Anupam Kher pics: 18 gold biscuits seized
Weeks after a bullion trader was allegedly duped of Rs 1.6 crore in Ahmedabad...