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The Philippine Economic Zone Authority concluded a three-day investment mission to China, jointly organized with Filinvest Development Corp. and the Anvil Business Club
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The mission generated new investment leads from Chinese firms in manufacturing, pharma, chemicals, energy, e-waste recycling, logistics, and real estate
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Chinese companies exploring or signaling intent to invest include Alibaba, Xiu Zheng Pharmaceutical Group, Yechao Electric Transmission Technology, Zhejiang Energy Engineering Group units, Zhengtai International Engineering, and several technology manufacturers
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Real estate developers Hong Kong Yoatings Real Estate Immigration Services and Dalian Zhongchen Construction Engineering expressed interest in ecozone development
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In Shanghai, Oishi China Chairman Larry Chan signaled plans to register coconut processing facilities under PEZA
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PEZA director general Tereso Panga said the Philippines is attracting exporters and manufacturers looking for “plus one” locations with preferential market access
The Philippine Economic Zone Authority (PEZA) has secured investment leads following a three-day mission to China on November 24 to 26, as the agency intensifies efforts to attract manufacturers seeking expansion markets with preferential tariff access.
The mission, conducted with Filinvest Development Corporation and the Anvil Business Club, generated interest from companies in manufacturing, pharmaceuticals, chemicals, energy, e-waste recycling, logistics, and property development.
The delegation included PEZA acting zone manager Jason Suarez, Filinvest executives, and Anvil leaders.
In Hangzhou, PEZA hosted an investment seminar with 28 firms, including Alibaba; Xiu Zheng Pharmaceutical Group; Yechao Electric Transmission Technology (Shanghai) Co., Ltd.; Zhejiang Electric Power Design Institute of China Energy Engineering Group; Zhengtai International Engineering Co., Ltd.; Silk Road International Capacity Cooperation Promotion Center; and Hangzhou Taibei Technology Co., Ltd.
The delegation also visited Zhejiang Dahua Technology Co., Ltd. and Zhejiang Uniview Technologies Co., Ltd., two major manufacturers of video surveillance and smart-city systems. Both companies signaled interest in establishing manufacturing operations in the Philippines.
Real estate developers Hong Kong Yoatings Real Estate Immigration Services Ltd. and Dalian Zhongchen Construction Engineering Co., Ltd. likewise expressed plans to pursue ecozone development projects aimed at hosting companies relocating to serve the US and EU markets.
In Shanghai, Oishi China Co., Ltd. chairman Larry Chan told PEZA officials he intends to register the company’s coconut processing facilities in General Santos City and Quezon province with the agency, citing rising demand in China for coconut-based food and cosmetic products.
The initiative is in line with the United States’ recent decision to grant tariff exemptions for several coconut-derived goods, including coconut oil and desiccated coconut.
PEZA director general Tereso Panga said Chinese exporters and multinational manufacturers continue to view the Philippines as a viable “plus one” destination.
“We are strengthening our initiatives to support investors and highlight the Philippines as an attractive ‘plus one’ option for companies exploring expansion opportunities,” he said in a press release.
This is PEZA’s third investment mission to China this year, supporting its goal of expanding Chinese investments. The agency currently hosts more than 100 Chinese locators employing over 16,000 workers.
READ: PEZA expects more Chinese investments in ecozones
Filinvest, one of the country’s major ecozone developers, has five PEZA-registered zones that host 82 locator firms with more than P66 billion in investments and 60,000 direct jobs.
READ: PEZA nears P250B investment goal despite tariff, corruption risks
