PEZA, DA to facilitate ecozones

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    (From left) Jayme, Dar and Plaza pose after the signing of the agreements.
    (From left) Jayme, Dar and Plaza pose after the signing of the agreements.

    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.