The Philippine Economic Zone Authority (PEZA) has signed on Monday a memorandum of agreement and undertaking with the Department of Agriculture (DA) to facilitate the creation of agro-industrial and aquamarine economic zones in viable areas of the country.
PEZA also signed a memorandum of undertaking with Canadian company True North Farms Inc. (TNFI) for the establishment of an initial of 50-hectare agro-industrial ecozones devoted solely for cacao production and exports of cacao products.
Charito Plaza, PEZA director-general, signed the agreements with DA Secretary William Dar and with Jesus Jayme, managing director of TNFI and officers of both DA-connected companies and Canadian firms such as EnEco WTF Pacific, Inc. and Silver Valley Farms.
TNFI plans to venture into cacao production in the Philippines for export by establishing a 50-hectare ecozone in three production sites and explore the viability of growing blueberries in Baguio City and Bukidnon Province.
