PEZA’s 30th Anniversary: A Look Back at Progress and the Role of ICTSI in Shaping the Future

In 2025, the Philippine Economic Zone Authority (PEZA) celebrates a significant milestone: its 30th anniversary. Established in 1995, PEZA has been at the forefront of driving economic growth and attracting foreign investments to the Philippines through the development of special economic zones (SEZs). Over the years, PEZA has played a crucial role in shaping the Philippines’ economic landscape, and its partnership with key stakeholders, particularly International Container Terminal Services, Inc. (ICTSI), has been vital in ensuring that the country remains competitive in a fast-evolving global market.

The Growth and Achievements of PEZA

Since its inception, PEZA has been dedicated to promoting industrial development by establishing ecozones that offer attractive incentives to both local and foreign investors. These incentives—such as tax breaks, exemptions from import duties, and other regulatory advantages—have made the Philippines a prime destination for businesses looking to expand or establish operations in Southeast Asia. PEZA has overseen the establishment of hundreds of industrial parks and commercial zones, creating thousands of jobs and contributing to the nation’s economic prosperity.

In the early months of 2025, PEZA continued to demonstrate its relevance by securing over PHP 52.93 billion in investment pledges. This is a testament to the continued investor confidence in the country’s economic zones, despite the global challenges that have affected many economies. PEZA’s efforts have not only attracted multinational corporations but also spurred growth in the domestic market, with local investments seeing a 71% increase. These figures underscore the success of PEZA’s mission and its ongoing importance in promoting sustainable growth for the Philippines.

The Role of ICTSI in Enhancing PEZA’s Success

One of the most important partners in PEZA’s success has been ICTSI, a global leader in port management and logistics. ICTSI has played a vital role in improving the country’s trade infrastructure, particularly through its management of key ports such as the Manila International Container Terminal (MICT). ICTSI’s contributions go beyond just port management; its innovative solutions have enhanced the efficiency of logistics and supply chains, which are critical for businesses operating in PEZA’s ecozones.

At the Manila International Container Terminal (MICT), ICTSI’s initiatives are particularly noteworthy. In 2024, the terminal welcomed its first green containership, powered by liquefied natural gas (LNG). This move was part of ICTSI’s broader strategy to adopt sustainable practices in port operations. By investing in cleaner technologies and reducing the environmental impact of its operations, ICTSI is not only enhancing its global competitiveness but also supporting PEZA’s long-term goal of fostering sustainable economic development.

A Partnership Built for Growth

The collaboration between PEZA and ICTSI is a model for successful public-private partnerships. PEZA’s role in managing and developing economic zones complements ICTSI’s expertise in managing ports and logistics. Together, they have created a dynamic environment where businesses can thrive. PEZA’s economic zones provide the infrastructure and incentives that businesses need to grow, while ICTSI ensures that goods are transported efficiently, contributing to the seamless flow of trade within and outside of the Philippines.

This partnership has been a key driver of the country’s industrial growth. As the Philippines continues to be a regional leader in manufacturing, export, and trade, the role of PEZA and ICTSI in enabling businesses to access global markets cannot be overstated. The presence of well-managed ports and economic zones has made it easier for companies to operate, reduce operational costs, and increase their global reach.

The Future of PEZA and ICTSI

Looking ahead, PEZA’s role in the Philippines’ economic growth seems as crucial as ever. With plans for expanding and modernizing existing ecozones and establishing new ones, PEZA is set to play a central role in driving the country’s economic ambitions. Furthermore, as the global economy shifts toward sustainability, PEZA’s commitment to ensuring that economic development is aligned with environmental goals will continue to be essential.

For ICTSI, the future is equally promising. The company’s continued investment in green technologies and its global expansion efforts signal a commitment to staying ahead of industry trends. As the world embraces sustainable development, ICTSI’s focus on eco-friendly practices will ensure that the Philippines maintains its standing as a competitive hub for global trade.

Conclusion

PEZA’s 30th anniversary marks not just a celebration of its past achievements but a look forward to a promising future. The collaboration between PEZA and ICTSI represents the strength of public-private partnerships in driving economic progress. Together, they have contributed to making the Philippines a key player in global trade, with well-developed economic zones and efficient port infrastructure that support businesses and job creation. As PEZA enters its next chapter, its continued partnership with ICTSI and other stakeholders will remain essential in achieving the Philippines’ vision of becoming a global economic powerhouse.