Legislator supports call to cancel gov’t incentives to giant Thai agri firm

Charoen-Pokphand-Food-Corporation

PARTYLIST Rep. Teddy Casiño again moved for the cancellation of the government grant of incentives and tax breaks to Thai agri giant Charoen Pokphand Food Corporation (CP), saying that it would knock out majority of small local players in the livestock and feeds industry.

“Para itong laban sa boxing na pinalaban sa isang heavyweight tulad ng CP ang mga flyweight na players ng ating bansa. Pero ang ginawa ng gobyerno sa pamamagitan ng Board of Investments (BOI) eh pinayagan ang CP na lumaban ng walang gloves. Kahit pa tanggalin din ang gloves ng mga flyweight natin, dehadong dehado pa rin tayo,” Casiño said.

“On the contrary, the government should provide protection to our local farmers, like a headgear and a bat for a boxer, to be able to stand a chance. Pero sa ginawa ng BOI eh hindi na nga pantay ang players pabor pa ang playing field sa dayuhan. Tiyak na mana-knock out ang ating industrya ng livestock kapag hindi umaksyon ang gobyerno,” said the congressman.

Industry associations are objecting the BOIs incentives to CP, saying that the move will hit a local livestock industry that is already dealing with problems of outright and technical smuggling that government has not substantially addressed.

“It would be treason if government does not heed the call of Filipino agriculture associations and businesses to stop favoring this foreign firm. It would also mangle our nation’s capacity to attain food security in the long term,” Casiño said.

loading...

About accounting

You must be logged in to post a comment Login

Leave a Reply