USAID, through its Regulatory Reform Support Program for National Development project implemented by the University of the Philippines Public Administration Research and Extension Services Foundation, also facilitated a series of multi-stakeholder workshops that enabled private sector support for maritime connectivity in the region.
“Strengthening maritime trade routes and intermodal transport systems will open doors for more trade and investment in the region, including in the tourism industry,” USAID Philippines Mission Director Ryan Washburn said. “Additionally, this route will bring down transport cost of businesses by as much as 20 to 30 percent and reduce wastage of agricultural products that are inevitable if transported by land due to poor road conditions and connectivity,” Washburn added.
MinDA Chair Maria Belen Acosta noted that the partnership would reinforce the position of BARMM as an international gateway that would increase trade activities in transport, business, telecoms, and tourism.INQUIRER.net wants to hear from you! Take part in our reader survey and help us be better. Click on this image to answer.Subscribe to our daily newsletter
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