President Benigno S. Aquino III. INQUIRER FILE PHOTO
MANILA, Philippines鈥擯resident Benigno Aquino III has approved in principle an assistance program for banana farmers affected by stricter measures imposed by China on the country鈥檚 banana exports in the wake of a standoff over Scarborough Shoal, which both countries claim.
Ricky Carandang, head of the Presidential Communications Development and Strategic Planning Office, said Mr. Aquino met with members of the Cabinet鈥檚 economic cluster on Thursday and ordered that details of the program be finalized.
Presidential spokesperson Edwin Lacierda told reporters the assistance program was the government鈥檚 short-term response to the situation and that the long-term plan was to find new markets.
鈥淭he exports in China only constitute 30 percent. (For the) 70 percent, we are doing well,鈥� he said.
Lacierda said the President had asked his economic team 鈥渢o come up with a definitive package assistance plan by next week.鈥�