PEZA invites Taiwanese investors to explore PH opportunities

On July 11, 2024, the Philippine Economic Zone Authority (PEZA) welcomed a delegation of Taiwanese investors to its Head Office, highlighting the Philippines' increasing attractiveness as a top investment destination. The visit, organized by the Philippine Trade and Investment Center (PTIC) in Taipei and led by Trade Representative and Director for Commercial Affairs Anthony B. Rivera, underscores the robust economic ties between the two regions.

PEZA's Deputy Director General for Policy and Planning, Anidelle Joy M. Alguso, hosted the delegation, which included representatives from twelve Taiwanese companies spanning various industries. The investors expressed strong interest in exploring investment opportunities, particularly within the electric vehicle (EV) and related sectors. Their visit aimed to conduct due diligence and identify potential trade and investment prospects in the Philippines.

Collaborating with key organizations such as the Taiwan Smart Electric Bicycle Association (TSEBA), Chung Hua Institution for Economic Research (CIER), and the Commercial Vehicle Technology Development Association (CVTDA), the Taiwanese delegation sought to capitalize on the substantial investment potential within Philippine ecozones. This visit marks a significant milestone in enhancing economic collaboration between Taiwan and the Philippines.

Currently, PEZA hosts 83 registered Taiwanese companies and projects, which have collectively invested around PHP 22 billion and created over 27,000 direct jobs as of December 2023. PEZA hopes this recent visit will attract even more Taiwanese investors, further driving economic growth and job creation in the ecozones.

"We are excited to welcome these potential investors and highlight the myriad opportunities the Philippines offers," said Alguso. "Our objective is to foster a conducive environment for foreign investments, especially in emerging sectors like electric vehicles, which hold tremendous potential for the future."

This visit underscores the ongoing efforts of PEZA and PTIC to position the Philippines as a strategic investment hub in the region. It also highlights the country's favorable economic conditions and commitment to supporting foreign businesses. As the Philippines continues to develop its infrastructure and regulatory frameworks, it aims to attract more global investors and strengthen its position in the international market.