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Starting the year 2022 with vigor and hope in the country’s investment climate, the Philippine Economic Zone Authority (PEZA) will feature the United States of America (USA) in its first Global Biz with PEZA forum for the new year on 18 January 2022, 09:00 AM PHT.
“Global Biz with PEZA featuring USA aims to inform both potential and existing American investors about more economic opportunities within PEZA economic zones and new potential areas of investment,” explained PEZA Director General Charito ‘Ching’ Plaza on Thursday.
The PEZA Chief added, “In the forum to be held on Tuesday, January 18th, PEZA aims to continue promoting the Philippines as an investment haven in Asia and discuss the benefits or incentives that investors shall receive when they do business with PEZA.”
PEZA will present in the forum the new PEZA incentives package under the CREATE law for export and domestic market enterprises and ecozone developers, utilities, facilities, logistics and transportation service providers inside the proclaimed economic zones nationwide.
It is noteworthy that PEZA has received recognition from US Department of State in its official 2020 Investment Climate Statements that said “The business environment is notably better within the special economic zones, particularly those available for export businesses operated by PEZA, known for its regulatory transparency, no red-tape policy, and one-stop shop services for investors.”
His Excellency Jose Manuel G. Romualdez, the Philippine Ambassador to the United States of America will be gracing the event along with representative from the Department of Trade and Industry (DTI) Philippine Trade and Investment Center (PTIC) in Washington DC and the American Chamber of Commerce of the Philippines (AMCHAM). Some PEZA-registered enterprises and ecozone developers will also be joining for the panel discussion.
Stronger partnership on ecozone development, export, and domestic market enterprises
In 2021, PEZA inked a MOA with the Bangko Sentral ng Pilipinas (BSP), Development Bank of the Philippines, Landbank of the Philippines, Philippine National Bank, and other foreign and local banks providing credit facilities for LGUs and the private sector ecozone developers, export and domestic market enterprises, utilities, facilities service providers. The credit facility shall assist qualified private developers/owners, entrepreneurs, or LGUs that will establish different types of ecozones, which is viable to particular regions or areas in the countryside nationwide.
The Global Biz with PEZA is a virtual marketing and promotion tool under the PEZA Transformation Road Map (TRM) which is established since the pandemic began so that the Authority continues its mandate of promoting and attracting investors to the country.
Since 2021, PEZA has conducted a total of 14 Global Biz Forum that featured different countries, business groups and chambers, commercial attachés, financial institutions and banks, and partners for investment promotions.