PEZA also signed a Memorandum of Undertaking with Canadian company True North Farms, Inc. with the purpose to establish an initial of 50-hectare agro-industrial ecozones devoted solely for cacao production and exports of cacao products.
According to Plaza, “the MOA and MOU signing is important as PEZA now embark in revolutionizing its programs.” She explained that “the landmark signing is significant as PEZA seeks to promote domestic enterprises to encourage them to maximize domestic production, manufacturing, and export capability of the Filipinos and, thereby, lessen the import-dependence of the country.”
Meanwhile, the Agriculture Secretary also shared that “DA and PEZA share the same goal to improve farm income and generate work opportunities for farmers, fishermen, and other rural workers. Both DA and PEZA recognize the need for cooperative effort in promoting and supporting investments to agricultural-oriented activities through the granting of fiscal and non-fiscal incentives and development of agro-industrial, aquamarine, and agro-forestry special ecozones.
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