PEZA, AFP to explore ‘defense industrial ecozones’
The Armed Forces of the Philippines (AFP) with the partnership of the Philippine Economic Zone (PEZA) signed a Memorandum of Agreement (MoA) to start to explore the possibility of converting, identifying assets, and setting the boundaries of some of its lands as economic zones and will guide a future use military reservations as “defense industrial ecozones.”
This partnership aims to enhance the capacity of defense manufacturing sectors through regional economic zones to support the AFP modernization program.
PEZA Director General Charito Plaza said that this collaboration is “a concrete step toward our common goal of developing idle government lands, like our military reservations, to attract and create investments, bring in technology, and create jobs and livelihood for our people.”
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