The Philippine Economic Zone Authority (PEZA) and China’s Aoxing Group signed a memorandum of understanding (MOU) Monday to help Chinese companies diversify their production and supply chains amid shifting global trade dynamics.
The MOU, signed by PEZA director-general Tereso Panga and Aoxing Group chairman Zhao Wenfa, aims to facilitate collaboration with Chinese enterprises seeking resilient, dual-base operations in China and Southeast Asia.
“PEZA counts Chinese investors, including those from Taiwan and Hong Kong, among our top prospects for foreign direct investment this year and beyond,” Panga said.
PEZA seeks to position the Philippines as a prime “plus one” destination under the growing China+1+1 strategy.
The MOU designates Aoxing Group as PEZA’s newest Investment Promotion Partner (IPP).
Zhao, who is also president of the International Chamber of Commerce and chief executive of Dongguan Aoxing Audio Visual Equipment Co. Ltd., is expected to leverage his business network and global experience to promote investments in Philippine economic zones.
Zhao said localized operations and long-term partnerships would be essential in building sustainable economic collaboration between China and the Philippines.
His company supplies AV equipment for major international brands such as HP, Epson, and Skyworth, with export markets spanning America, Europe, Asia, and the Middle East.
The signing is a direct outcome of PEZA’s investment mission to China in March, where Chinese stakeholders highlighted the Philippines’ strategic location, skilled workforce, and preferential trade access as advantages for regional expansion.
