08 Sep President Duterte Intends to Open Up Mindanao and Visayas to ASEAN Business Community
On September 6, Tuesday, ASEAN Business and Investment Summit was held Vientiane, Laos, President Rodrigo Duterte stated in his speech in front of the leaders of the ASEAN business community, “Hailing from Mindanao, I commit to promoting BIMP EAGA we intend to open up our other major islands like Mindanao and the Visayas with high-quality backbone infrastructure.”
Improving national roads and bridges such as the Mindanao Logistics Infrastructure Network and other network plans which include the inter-island linkages are the projects to accelerate infrastructure spending.
President Duterte said, ”We hope to further expand our roll-on roll-off (RORO) facility to Davao, General Santos and Bitung in Indonesia.”
He added that the growth and integration of sub-regional cooperation frameworks in the ASEAN must be pressed.
The region’s current partnership frameworks are the Greater Mekong Sub-Region, the Indonesia-Malaysia-Thailand Growth Triangle, and the Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA), the President said.
Various key economic agreements have eased the regional economic integration of natural persons and mutual recognition, the arrangement of certain professions, since the foundation of ASEAN in 1967, President Duterte indicated.
The President stated, “It certainly took an amount of effort and compromise as member states share their commitment and political resolve to accommodate and reconcile national interest with the regional aspiration of one nation, Asian community.”
President Duterte also said to the ASEAN business community, “On the part of the Philippines, our economic focus will be towards the promotion of inclusive growth through innovation in four areas: micro, small and medium enterprises (MSMEs), e-commerce and youth, and women entrepreneurship.”