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DAVAO CITY (MindaNews / 11 Nov) – As hundreds of investors, farmers and other stakeholders in the rubber industry gathered here for the 2nd Philippine Rubber Investment and Market Encounter (PRIME), officials of the Autonomous Region in Muslim Mindanao (ARMM) did not only showcase what they had in promoting the industry but also offered investors hard to decline tax-free incentives.
ARMM Trade and Industry Secretary Sakiran Hajan, who is also chairman of the board of the Regional Economic Zone Authority (REZA), highlighted the investment incentives during his talk on investment priority areas and logistics.
He said the incentives include exemption from duties and taxes on merchandise, tax credit for import substitution and exemption from port duties, export tax, among others.
Specifically, ARMM offers its special economic zone in the Polloc Freeport and Economic Zone with a 129-hectare wide international standard port ideal for rubber industry exports flow, and for other agricultural and industrial products.[]/a> with |||
