The Department of Agriculture (DA) signed a new joint memorandum circular (JMC) to fast-track strategic investments, particularly in the agriculture and fisheries sectors.
Agriculture Secretary Francisco Tiu Laurel Jr. said the JMC bolsters the operational framework of the Investment Facilitation Network (INFA-Net) and incorporates Executive Order No. 18, Series of 2023.
“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,” Tiu-Laurel said.
“With improved coordination and more efficient systems in place, we are creating an environment that attracts investment and drives inclusive rural development,” he said.
The circular formalizes “Green Lanes for Strategic Investments,” a government-wide initiative to expedite permits, licenses and other requirements for major investment projects.
Under the circular, the DA will play a key role in facilitating projects related to agribusiness, farm mechanization, food security and rural infrastructure.
A dedicated INFA-Net focal unit, led by the Agribusiness and Marketing Assistance Service (AMAS) in coordination with the Policy Research Service (PRS), will oversee implementation and compliance within the department.
The initiative supports the Ease of Doing Business and Efficient Government Service Delivery Act of 2018, reinforcing the need to enhance public service and strengthen investor confidence.
The JMC is expected to create a more transparent and investor-friendly climate, particularly in underserved rural areas.
The DA expects the measure to spur new investments, modernize agricultural and fisheries practices and boost productivity and income for farmers and fisherfolk.
