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    Posted March 27, 2014 by
    omeroscar
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    Manila

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    Growth follows peace pact, says Phl official

     
    EXPONENT growth in the local economy of Southern Philippines will follow the signing of the Comprehensive Agreement on the Bangsamoro (CAB) between the government and the Moro Islamic Liberation Front (MILF), an official said Thursday.
    ”The eventual benefit (of CAB) for Mindanao (Southern Philippines) is the peace and everything follows after the peace. Everything; the economic benefits (and) cultural benefits,” Department of Trade and Industry Secretary Gregory Domingo said.
    He mentioned that Southern Philippines has so much economic potential to be unleashed once peace settles in the Southern Philippines.
    ”Mindanao has big potential. The resources are there whether you are talking about agricultural, mineral, even the craftsmanship, even tourism. Mindanao has beautiful sites,” the trade secretary stressed.
    ”The most fertile lands are in Mindanao. They still have large land area like Bukidnon area, where you have an elevated piece of land that has perfect climate for agriculture,” he further cited.
    Domingo recalled that during their visit to Malaysia with President Benigno Aquino III late February of this year, Malaysia has expressed its interest in the economic activities in Mindanao.
    Just last week, business groups from Kota Kinabalu in Sabah and Davao City Chamber of Commerce and Industry, Incorporated (DCCCII) has signed memoranda of cooperation to strengthen trade ties, facilitate information exchange, and enhance transfer of technology and skills.

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