PEZA’s digital marketplace for Q1 2024 launch

  • The Philippine Economic Zone Authority eyes a first quarter 2024 launch for its digital marketplace
  • Platform aims to boost online presence of ecozone locators
  • Onboarding of locators and mapping out of sectors ongoing
  • Collaboration with NetGlobal Solutions for development and operation
  • Initiative aligns with easing business processes in economic zones

The Philippine Economic Zone Authority (PEZA) plans to launch its digital marketplace, a business-to-business e-commerce platform for PEZA locators, by the first quarter of 2024.

The onboarding of locators to the platform and sector mapping are currently underway, according to PEZA director general Tereso Panga in a recent media interview.

The digital marketplace will capacitate PEZA’s registered business enterprises (RBEs), particularly exporters, to increase their online presence and utilize digital platforms to increase market presence of Philippine goods and services globally.

Panga said the intention is to integrate local providers into the ecozone value chain and enhance local and international outsourcing.

Subscribed users of the digital marketplace, as announced by PEZA earlier, will gain access to global suppliers of machinery and equipment, raw materials, supplies, emerging technologies, and solutions. This access aims to improve sourcing and procurement for ecozone RBEs.

PEZA in July 2023 signed a memorandum of agreement with NetGlobal Solutions, Inc. (NGSI) to develop, operate and maintain the PEZA directory, PEZA Build-a-Site, and the PEZA digital marketplace platform.

READ: PEZA, NetGlobal to launch digital marketplace for ecozone locators

The database development will cover local producers and suppliers of goods/services, supporting ecozone locators and accelerating the integration of Filipino micro, small, and medium enterprises into the ecozone value chain.

PEZA’s role includes providing the necessary and requested documentation, information, and knowledge capital to NGSI, engaging and integrating NGSI’s system and other related services to support and augment its services, and encouraging registered RBEs to subscribe in the PEZA digital marketplace, among others.

The digital marketplace, identified as a pioneer and legacy project spearheaded by Panga, aligns with the goal of enhancing the ease of doing business in economic zones, in compliance with Republic Act No. 11032 or the Ease of Doing Business and Efficient Government Services Delivery Act of 2018. The legislation directs all offices and agencies to improve transaction systems and procedures to streamline the delivery of government services. – Roumina Pablo