CEZA Vows to Support PBMM’s Lead to Collaborate and Innovate for Indo-Pacific Growth

24 May 2024

The Cagayan Economic Zone Authority (CEZA), during the recently concluded 6th Indo- Pacific Business Forum (IPBF) on May 21, 2024 at Shangri-La The Fort,Taguig City, has pledged its commitment to support President Ferdinand Marcos, Jr.’s lead to collaborate and innovate for Indo- Pacific growth.

“We are proud to stand in solidarity with the President’s efforts to promote collaboration and innovation in the Indo- Pacific region,” said Sec. Katrina Ponce Enrile, Administrator and Chief Executive Officer of CEZA.

As the Keynote Speaker during the forum, Pres. Marcos affirmed that his administration remains at the forefront of actively promoting the Philippines as a prime investment destination in the Indo- Pacific region through various strategic partnerships such as Free Trade Agreements (FTAS) and Generalized System of Preference (GSP), ensuring that investors in the country benefit from said preferential market access.

“Through our ties with different countries, our nation enjoys access to various markets, including the ASEAN market, the Regional Comprehensive Economic Partnership (RCEP) and the Philippines- Japan Economic Partnership Agreement (PJEPA), amongst others. These agreements underscore our commitment to fostering economic growth and international cooperation. With RCEP, investors can access other markets from RCEP countries by manufacturing and exporting their products from the Philippines,” President Marcos noted.

Being one of the key economic investment promotion agencies in the Philippines, CEZA recognizes the importance of fostering these partnerships and implementing innovative strategies to enhance international cooperation and continuing the country’s economic performance.

“We, at CEZA, are dedicated to play a proactive role in supporting initiatives to develop a future-proof special economic zone and freeport in the crossroads of the Asia- Pacific Region for economic prosperity and sustainable development in our country,” the Secretary added.

CEZA has been actively involved in promoting economic activities, attracting investments to the Cagayan Special Economic Zone and Freeport, creating job opportunities, driving economic growth, and contributing to the overall economic development of the Philippines. By aligning its efforts with the National Government’s initiatives, CEZA aims to further strengthen ties with its regional and national partners and drive sustainable growth opportunities for the country. Specifically, CEZA intends to continue to explore strategic partnerships, foster innovation and implement strong policy frameworks that support the President’s transformative reforms to ensure a conducive business environment, cultivate a skilled and competitive workforce that can eventually drive industrial transformation and contribute to the advancement of key economic sectors in the Philippines.

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