Philippine Ambassador to Korea Maria Theresa Dizon-De Vega joined a trade delegation to South Korea, organized by Central Luzon, to attract investments to the area dubbed as the “super region” close to Metro Manila.
“It is home to dynamic provinces and the region combines the advantages of international airports, seaports, industrial zones and agricultural areas, as well as tourism and leisure sites including a well-connected road network,” Dion-De Vega said.
Dizon-De Vega said she expected the Central Luzon outbound trade and investment mission to Korea to strengthen the business, investment and travel relations between South Korea and Region 3 in the Philippines.
Hosted by the Central Luzon Growth Corridor Foundation Inc., the trade mission gave local government units and investment promotion agencies in the region the opportunity to establish linkages with Korean companies and benchmark best practices from industry experts.
CLGCFI is mandated to provide policy decisions and facilitate the planning, coordination and monitoring of investment and trade-related projects of Central Luzon. Its members include the provincial governors of Aurora, Bataan, Bulacan, Nueva Ecija, Pampanga, Tarlac and Zambales; Trade undersecretary for industry and investments Ceferino Rodolfo; and the Department of Trade and Industry-3 regional director.
Rodolfo said the Philippines is an ideal regional hub for “sustainable and innovation-driven agriculture, manufacturing and services sectors,” citing the country’s sound economic fundamentals and investment ratings, and game-changing laws and policies.
“With an already strong partnership, the Philippines and South Korea can further level its complementation on the vast opportunities brought about by global disruptions. The Philippines–one of Asia’s fastest-growing economies, is ready for global investors,” he said.
The mission showcased destinations including the New Clark City in Tarlac―a smart, sustainable and green city poised to be a significant economic growth driver in Central Luzon and one of the most bankable locations in the region.
Bases Conversion and Development Authority vice president for public affairs Leilani Macasaet encouraged Korean investors to consider either locating in New Clark City or participating in future projects and developments in the area.
“Clark raises the standard of what cities should be in a country that has been aspiring for a high-quality environment where people can live, learn, work, and play. We hope for you to be part of this development,” Macasaet said.