Lacson: Philippines should reduce dependency on imports

lacson philippines should reduce dependency on imports 1

Sumary of Lacson: Philippines should reduce dependency on imports:

  • Presidential candidate Senator Ping Lacson delivers his speech during the oath-taking of supporters at the Loyola St.
  • Panfilo “Ping ” Lacson said on Thursday that the Philippines must lessen its import dependency to avoid inflation as the country is having a hard time controlling prices because of it.
  • “If we are too dependent on imports, even our own vegetables, our own agricultural products, we will not be able to control those — or we will not have much control over the price of goods.
  • So, what is happening, ‘inflation is rising,” Lacson said during a press conference.
  • Changing the importation mindset is key and government must promote MSMEs who can also manufacture these imported items, he said.
  • “Our [import] -driven mentality must be reduced and we must focus on our MSMEs, manufacturing sectors so that if we are export-oriented, our mentality, from import-dependent countries, we must export -oriented naman tayo.
  • “Let’s enjoy” Made in the Philippines “products and then” those grown in the Philippines, “said Lacson.
  • He also took note of the recent Senate investigation where products made in China were given priority.
  • ‘Can face masks be made here after we won‘ Made in China?
  • Inflation will really increase because when imported, who dictates the price?

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