DTI Secretary lauds investor contributions to PH economy
Department of Trade and Industry (DTI) Secretary Alfredo Pascual commends the contribution of export investors and ecozone developers to the Philippine economy.
During the Philippine Economic Zone Authority (PEZA)’s Investors’ Recognition Day, Pascual said that various stakeholders in the export sector ”enable the transfer of technology, help diversify Philippine economic industries and market, boost innovations, and integrate us further to the global supply chain.”
Pascual added that sectors in the export industry such as manufacturing, IT-BPOs, agro-industries, logistics and support services, MSMEs, utility providers, and ecozone developers are the main beneficiaries of these investments.
As Board Chairman of PEZA, the trade chief also highlighted the agency’s long-standing partnership with DTI.
He noted that the two economic machineries of the government could work hand in hand in transforming the country and making it a top investment destination not only in the region but across the globe.
Pascual further added that PEZA’s achievements — 419 ecozones, $700 million investment approvals so far in 2022, and 1.8 million workers — prove that ecozones “undoubtedly play a crucial role” in attracting foreign direct investments (FDIs) to the Philippines.
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