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New Clark City touted as new dev’t hub during Korea trade mission

Delegates from Central Luzon touted the strong prospect of New Clark City in Capas town in Tarlac province as an ideal business destination during an outbound mission to entice South Korean investors.

The Central Luzon Outbound Trade and Investment Mission to Korea was organized by the Central Luzon Growth Corridor Foundation Inc. (CLGCFI) to offer local government units (LGUs) and investment promotion agencies in the region the chance to establish linkages with Korean companies.

The contingent was joined by representatives from the Department of Trade and Industry (DTI), Bases Conversion and Development Authority (BCDA), Authority of the Freeport of Bataan, and the LGUs of Aurora, Bataan, Tarlac and Zambales.

As part of the trade mission, the delegation held a conference with potential investors where Tarlac Governor Susan Yap, CLGCFI president, promoted Central Luzon as one of the leading growth areas in the Philippines.

“First, the centrality of our location. It is easily accessible within two- to four-hour air travel from Korea. Expanding infrastructure,” she said.

The region is “on its way becoming a single, contiguous geographic and economic growth corridor providing world-class logistics, infrastructure and services. Available investment locations—we have several freeport zones,” she said.

Trade Undersecretary for Industry Development and Trade Policy Ceferino Rodolfo said that the Philippines is an ideal regional hub for “sustainable and innovation-driven agriculture, manufacturing and services sectors.”

He cited the country’s sound economic fundamentals and investment ratings, and game-changing laws and policies.