New partnerships boost investment prospects in Philippine ecozones

The Philippine Economic Zone Authority (PEZA) welcomed a 27-member delegation from Dongguan and Guangzhou on August 18, following the agency’s recent signing of a Memorandum of Understanding (MOU) with the China Chamber of International Commerce (CCOIC).

The visit, held at PEZA’s head office, included briefings and site inspections of ecozones as part of efforts to deepen investment ties between the Philippines and Chinese enterprises.

During the meeting, PEZA Deputy Director General for Operations Vivian S. Santos presented the wide range of opportunities in Philippine ecozones, highlighting priority industries that align with the country’s development strategy. Santos emphasized the enhanced tax and non-tax incentives under the CREATE More Act, which strengthen the Philippines’ appeal as an investment destination in Southeast Asia.

The event built on the momentum from PEZA’s investment mission to China in March, led by Director General Tereso O. Panga, where the Aoxing Group, headed by CCOIC Executive President Zhao Wenfa, expressed strong support in promoting the Philippines to Chinese firms seeking offshore manufacturing sites.

The delegation included Dongguan government officials and business leaders from manufacturing, electronics, real estate, and logistics. Their participation underscored the growing interest of Chinese enterprises in Philippine ecozones, particularly as they explore new markets and regional partnerships.

PEZA said it expects the engagement to pave the way for stronger bilateral cooperation, new industrial linkages, and increased investments that will accelerate the growth of ecozones across the country.