NEDA chief stresses competition in agriculture

National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan emphasized the importance of competition policy in promoting efficiency and resilience in the agriculture sector at the 2025 Manila Forum on Competition in Developing Countries.

Balisacan stressed that pro-competitive legislation, policies, regulations, and programs are essential for safeguarding consumers and producers from uncompetitive practices.

He highlighted the need to complement antitrust tools with strategies addressing structural issues affecting firm behavior in agriculture and related industries.

Recent government efforts such as lowering rice tariffs and removing non-tariff barriers aim to encourage market players to augment food supplies, Balisacan noted.

The forum, organized by the Philippine Competition Commission (PCC), aimed to share insights on implementing competition policies in developing economies.

Participants discussed how competition policy can address supply chain inefficiencies and ensure fair pricing for producers and consumers.

Balisacan urged stakeholders to work together to foster fair markets and enhance food security and shared prosperity, particularly amid rising food inflation.