EXPORTERS are not in favor of the proposed law requiring mandatory environment insurance coverage (MEIC) for environmentally critical businesses, saying this would just add another layer to the already burdensome documentary requirements in doing business in the country.

Philippine Exporters Confederation Inc. (PhilExport) President Sergio Ortiz-Luis Jr. said on Friday that making MEIC a requirement as stipulated under House Bills 3279 and 235 “contradicts various procedural documentary streamlining efforts by the national government and LGUs [local government units] in making the Philippine business environment more attractive.”

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