NEWS AROUND SUBIC BAY

Central Luzon pushed as ideal site for Taiwan’s southbound trade

Posted 3 months ago


The Philippines is now pushing to establish Central Luzon as the ideal destination for Taiwanese investments under Taiwan’s New Southbound Policy that seeks enhanced economic collaboration with countries in Southeast Asia, South Asia and Australasia.

Speaking as a member of the Philippine delegation in the recent Philippine Investment Promotion Plan (PIPP) Investment Roadshow to Taiwan, Subic Bay Metropolitan Authority (SBMA) Administrator Wilma Eisma urged Taiwanese business groups in Taipei and Taichung City to take a closer look at the so-called Central Luzon Manufacturing and Logistics Zone (CMLZ) as a prime investment destination.

Taiwan Trip Success
Photos from Team Invest Philippines in Taiwan c/o Ms. Jem Camba

She said the CMLZ, which is composed of the Clark Freeport, the Subic Bay Freeport, and the Freeport Area of Bataan, covers a land area of more than 90,000 hectares, has several advantages that make it a haven for businesses, and is managed by devoted agencies that have come together as one unit.

The first advantage of locating in CMLZ, she told the businessmen, is its strategic location. Eisma said the CMLZ “is a critical entry point to the ASEAN region populated by some 650 million people, as well as a natural gateway to East Asian economies such as China, Japan, Hong Kong, Singapore, Taiwan and South Korea.”

Moreover, the CMLZ is at the crossroads of international shipping and air lanes, and accessible to the ASEAN region within three to four hours by plane via the Clark International Airport and four days by ship to and from the Port of Subic.

She added that the three free port zones in the CMLZ are perfect for targeted key industries like electronics, automotive parts and aerospace products for Clark; shipbuilding and maritime industries, including cruise ships for Subic; and high-end garments manufacturing for Bataan.

The Taiwan investment roadshow was organized by the PIPP, an aggrupation of 19 investments agencies that seeks to create quality jobs by attracting high-impact, innovative, and inclusive investments.

The SBMA is one of the seven investment promotion agencies that make up the manufacturing and logistics/IT-BPM cluster of the IPP.

First Published: subicnewslink.blogspot.com

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