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September 28, 2021

by Bernie Cahiles-Magkilat

Investments in agro-based economic zones have reached P20.4 billion, providing employment to 41,205 Filipinos, the Philippine Economic Zone Authority (PEZA) reported.

PEZA Deputy Director General Tereso Panga said these investments came from 22 agro-industrial parks and 50 agro-based locators in the country. In 2020, these investors generated $1-billion worth of exports. 

With this encouraging performance in agri-ecozones, Panga said PEZA is promoting new types of ecozones to drive agri-innovation and the growth of agro-industrial clusters. These are agro-forestry, aquamarine, halal hubs & food processing, and knowledge, innovation, science and technology park (KIST).

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