Peza chief plans ecozone transformation

Peza Director General Tereso Panga

MANILA  -The recently appointed director general of the Philippine Economic Zone Authority (Peza) on Wednesday outlined his policy plans for the investment promotion agency, vowing to accelerate the country’s economic zone transformation roadmap, as well as other measures deemed important in spurring investment and other economic activities.

Peza Director General Tereso Panga, whose appointment letter was signed by Malacañang last March 23, listed six top priorities for the investment promotion agency under his watch.

The first priority  is the acceleration of the ecozone transformation roadmap, which will see the creation of new types of special economic zones registrable under the investment promotion agency.

These new types of economic zones include agroforestry ecozones, aquamarine parks, defense industrial complexes and halal hubs.
Knowledge, innovation, science and technology parks, renewable energy ecozones and pharmaceutical parks, are also part of the list.

Leveraging the Philippines’ leading export sectors such as the business process outsourcing industry, as well as the semiconductor and electronics and health services sector is also among the priority measures under Panga.

“Peza will be aggressive in attracting investors that will bolster science-based industries links to the global value chain. This will ensure that the Philippines remains at the forefront of being a relevant investment destination,” he said in a statement.

Attracting high-tech industries offering sophisticated products, diversified exports, knowledge transfer and supply chain improvements is also a priority. INQ

READ MORE:

https://business.inquirer.net/380524/peza-approves-creation-of-29-more-ecozones

https://business.inquirer.net/380924/peza-cheers-inclusion-of-ecozones-in-ph-development-plan-2023-2028