by Susan C. Aro / PIA
The Philippine Economic Zone Authority (PEZA) is enhancing its thrust to bolster investments across towns, cities, provinces, regions, and outside the country.
Baguio City Export Zone Officer-in-Charge Rene Joey Mipa said PEZA, in a recent meeting of the Regional Development Council’s sectoral committee on development administration, said PEZA is now into building economic zones in every province and city.
In the Cordillera, there are identified potential ecozones in nearby areas in Baguio City such as La Trinidad, Sablan, Tuba, and Tublay, Benguet.
The existing economic zones in the region are the Baguio City Economic Zone, John Hay Special Tourism Economic Zone, and the SM Baguio Cyberzone Building, Mina said.
There are also proclaimed ecozones in region such as the Abra Agro-Industrial Center in Tayum, Abra and the Kelly Special Economic Zone. The establishment of Mt. Resource Trade Center is ongoing.
Aside from local government units, Mipa said PEZA is also encouraging other business establishments, such as Information Technology hubs to apply as long as they comply with the requirements.
In line with its new thrust, PEZA is encouraging the identification of ecozones among private and government entities for export-oriented manufacturing and service facilities to establish investments that would create jobs, livelihood, and income for Filipinos.
PEZA is an attached agency of the Department of Trade and Industry tasked to promote investments, extend assistance, register, grant incentives to and facilitate the business operations of investors in export-oriented manufacturing and service facilities.