Board of Investments and Taiwan Cold Chain Association to partner for Philippine cold chain development
BOI eyes investors to invest in the country’s cold chain industry
BOI and TCCA will sign an MOU for capacity-building to bolster PH’s cold chain supply industry
The deal seeks to facilitate a modern, greener, and sustainable PH cold chain industry
The Board of Investments (BOI) is looking for Taiwanese investments in the Philippine cold chain sector.
The BOI and Taiwan Cold Chain Association (TCCA) will soon sign a memorandum of understanding that seeks to facilitate a more modern, greener and sustainable cold chain industry in the Philippines; share best practices; and develop standards.
The BOI also hopes to link Taiwanese investors with Philippine companies engaged in the cold chain industry for future investments.
Taiwan’s advanced cold chain solutions and state-of-the-art supply chain systems coupled with its collaboration with other economies ushered in the forging of an MOU for capacity-building on cold chain solutions for Filipino workers, BOI said in a statement.
BOI officials met with top Taiwanese logistics firms, including from Evergreen International Storage and Transport Corp and Evergreen Logistics Corp; YES Liberal Logistics Corp; Advantech Company Ltd.; and RD&D Cold Logistics Co on August 23 to 25.
In addition, BOI governor Marjorie Ramos-Samaniego and director Raquel Echague of the Resource-Based Industries Service met with TCCA chairman Freezer Lin, jointly with the Department of Commerce-Ministry of Economic Affairs and Industrial Technology Research Institute, to discuss areas of collaboration on cold chain industry development.
Echague said collaboration among key stakeholders from both economies is a “building block” to make the Philippines a hub for smart cold chain and logistics services in Asia by 2028.