A newly signed joint memorandum circular (JMC) is seen catalyzing investments in agriculture, with the Department of Agriculture (DA) forecasting an expansion in agribusiness and rural development initiatives.
The DA said the JMC, jointly implemented by 38 national government agencies including the Departments of Trade and Industry, Finance, and the Interior and Local Government, aims to enhance inter-agency coordination and cut bureaucratic red tape in the approval process for strategic agri-fishery investments.
“This JMC is a significant step forward in our commitment to making it easier for investors to do business in the Philippines’ agri-fishery sector,” said Agriculture Secretary Francisco Tiu Laurel Jr., who signed the circular. “With improved coordination and more efficient systems in place, we are creating an environment that attracts investment and drives inclusive rural development.”
The circular reinforces the operational framework of the Investment Facilitation Network (INFA-Net) and aligns with Executive Order No. 18, Series of 2023, which institutionalizes “Green Lanes” for strategic investments to expedite the issuance of permits, licenses, and registrations.
At the heart of the new framework is a dedicated INFA-Net Focal Unit led by the DA’s Agribusiness and Marketing Assistance Service, in collaboration with the Policy Research Service. This unit will ensure compliance and facilitate investment processing with greater transparency and efficiency.
The DA emphasized that the JMC is expected to unlock economic opportunities in underserved rural areas, particularly through investments in agricultural modernization, fisheries development, and rural infrastructure. These reforms aim to boost productivity and profitability for local producers while creating jobs and supporting national food security.
“This initiative doesn’t just target investors. It’s also about uplifting our farmers and fisherfolk, generating rural employment, and ensuring long-term food security for the nation,” Tiu Laurel added.
The JMC is also aligned with the government’s Ease of Doing Business and Efficient Government Service Delivery Act of 2018, underscoring the importance of streamlined governance in driving investment-led agricultural growth.
