Lawmakers from Negros Island and other sugar-producing areas on Wednesday opposed the proposal of Finance Secretary Benjamin Diokno liberalizing sugar importation, saying it will kill the domestic sugar industry. Rep. Jose Francisco Benitez of the Third District of Negros Occidental led his colleagues in filing House Resolution No. 1199, expressing…
Lawmakers from Negros Island and other sugar-producing areas on Wednesday opposed the proposal of Finance Secretary Benjamin Diokno liberalizing sugar importation, saying it will kill the domestic sugar industry.
Explaining his position, Benitez expressed the fear that liberalizing sugar importation, without adequate support for our local sugarcane farmers, would weaken the domestic sugar industry. “Instead of assuring us of ploughing back revenues from tax on sweetened beverages to strengthen the sugar industry, Secretary Diokno is offering liberalization of sugar importation,” said Benitez.
Diokno said he is willing to grant manufacturers more access to sugar supplies from abroad to cushion the impact of a higher SSB tax base.
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