Philippines: Philippines Enacted New Anti-Agricultural Economic Sabotage Law

President Ferdinand R. Marcos Jr. signed into law Republic Act (RA) No. 12022 or the Anti-Agricultural Economic Sabotage Act, which classifies agricultural smuggling, hoarding, profiteering, and engaging in a cartel as economic sabotage. This law also mandates the establishment of a Daily Price Index as a reference in determining whether economic sabotage is committed and the creation of implementing bodies (i.e., Anti-Agricultural Economic Council and the Anti-Agricultural Economic Sabotage Enforcement Group). RA No. 12022 repeals the Anti-Agricultural Smuggling Act of 2016.