Philippine agri-fishery output declined due to continues Chinese harassment
According to the latest report of the Philippine Statistics Authority (PSA) for the second quarter of 2024, the agri commodities declined by 3.3% due to the annual decreases in the values of crops and livestock production during this period.
In the upcoming years, China will never stop grabbing the full areas claimed by Beijing since they have the power to execute of what the Chinese government wants to do in the South China Sea. If so, Philippines fish supplies will continue to decline and we will be starting to import fish to fulfill the needs of Filipinos.
Fish and other imported commodities may increase in price due to tariffs and other costs if China turns over the whole area of the South China Sea. The Philippines will be deprived. Philippine will become dependent fully on Chinese products and services in the instance.
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