Agricultural Competitiveness Enhancement Fund

The Department of Agriculture (DA) aims reopening this month the government’s funding facility for helping small farmers, fisherfolk and agricultural entrepreneurs nationwide enhance their productivity and market competitiveness.

DA Secretary Proceso Alcala said the agency is looking forward to resuming funding assistance to such clientele as authorities concerned already completed finalizing the revised guidelines for government’s Agricultural Competitiveness Enhancement Fund (ACEF).

”Around P2 billion is available for assistance to them,” he noted.

Republic Act No. 8178 or the Agricultural Tariffication Act of 1996 created ACEF which pools tariffs or taxes collected from agricultural commodities imported under the minimum access volume (MAV) mechanism.

MAV is the volume of an agricultural product allowed to be imported with a lower tariff as committed by the Philippines to the World Trade Organization under the Uruguay Round Final Act, R.A. 8178 noted.

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