PEZA signs MOU with DENR to develop potential areas into special economic zones

BUILDING stronger partnerships for economic growth in the regions, the Philippine Economic Zone Authority (PEZA) and the Department of Environment and Natural Resources (DENR) signed a Memorandum of Understanding (MOU) at PEZA Auditorium, Pasay City, on Tuesday, 31 May 2022, that aims to utilize potential land areas within the DENR’s jurisdiction, particularly in the countryside.

In aggressive efforts to create different types of economic zones according to land potentials in every region, PEZA Director General Charito B. Plaza highlighted, “PEZA inked a partnership with DENR to further protect the environment by locating appropriate industries and enhancing the responsible use of land and natural resources.”

“We thank the DENR for sharing with PEZA their vision for the country in attaining total development with the Philippines as an investment destination of Asia and for being our partner to restore the glory when our country was used to be called the ‘Tiger economy of Asia’ during the administration of the late President Ferdinand Marcos Sr.,” Plaza added.

For his part, DENR Secretary Jim O. Sampulna mentioned, “The DENR foresees [this MOU signing] revenue-generating as it will create employment for our fellowmen and attract foreign investments for our country’s economic recovery.”