• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » US investments in PH ecozones reached P400bn

US investments in PH ecozones reached P400bn

American investments in Philippine economic zones have now reached P400.4 billion (approximately US$7.9 billion), making the United States the third-largest PEZA ecozone investor in the country, said the Philippine Economic Zone Authority (PEZA).

During a virtual ecozone dialogue, PEZA Deputy Director General Tereso Panga said that there are 429 American companies registered with the agency, employing a total of 311,128 Filipinos.

Panga added that the US government is looking into reviving its Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), potentially increasing trade in the country and the whole ASEAN region.

President Joe Biden’s Build Back Better World (B3W) program will also provide the Philippines funding and tech support in its infrastructure needs.

Meanwhile, Philippine Ambassador to the United States Jose Manuel G. Romualdez said that they are working with the Department of Finance (DOF) and the Department of Trade and Industry (DTI) in attracting US investors that are planning to relocate to the region.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image