President Rodrigo Duterte has urged buyers to construct factories in the Philippines to carry down the price of processing raw materials in addition they source regionally.
In his State of the Nation Address Monday (July 24), Duterte mentioned the poor will even profit if the raw materials extracted in the nation are additionally processed right here into completed tasks.
“Therefore, I call on our industrialists, investors [and] commercial barons to put up factories and manufacturing establishments right here in the Philippines to process our raw materials into finished products,” he mentioned
Duterte mentioned he desires to finish the apply of extracting and exporting mineral sources to different nations for processing, solely to be offered again to the Philippines as client items at twice or thrice their worth.
But whereas Duterte desires buyers to do enterprise in the Philippines, he mentioned it shouldn’t be performed on the atmosphere’s expense.
“The protection of the environment must be made a priority ahead of mining and all other activities that adversely affect one way or another. And this policy is non-negotiable,” he mentioned.
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