PCCI: To draw investors, LGUs must act like Peza | Andrea E. San Juan

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Philippine Chamber of Commerce and Industry (PCCI) President George T. Barcelon said the country’s local government units (LGUs) should have the “DNA” of the Philippine Economic Zone Authority (PEZA) to promote inclusive growth in the country. Know more:

PHILIPPINE Chamber of Commerce and Industry President George T. Barcelon said the country’s local government units should have the “DNA” of the Philippine Economic Zone Authority to promote inclusive growth in the country.

“If you talk about growth inclusivity for the country, the growth should be throughout the Philippines and I think the local government plays a key role in making things easy for people who want to invest in the area of their jurisdiction,” the PCCI head added. PEZA is an investment promotion agency that encourages the creation of special economic zones in the countryside, banking on these zones to become “economic drivers” in every region.

Hence, Barcelon raised PCCI’s recommendation on tweaking the Agrarian Reform Law which he said is currently limited to 5 hectares. Such limitation is the reason behind the low productivity in Agriculture, Barcelon added.

Source: News Formal (newsformal.com)

 

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