TRADE & INVESTMENT POSSIBILITIES

Ilocos Norte’s high value crops
Photo Courtesy of www.visit-ilocos.com

When the present administration came into power, Gov. Bongbong Marcos has immediately recognized the province’s strategic location from markets belonging to the East Asian Region. The revival of such trade relationship, is just long overdue considering that the province had very active trade relations with these countries long before the coming of the Spaniards.

To be more competitive with the other East Asian economies, the province has begun to shift from being an agricultural into an agro-industrial center.

This is highlighted by the fact that one of the major project, he desired to see working before his term ends is the operation of the two windmill projects being undertaken in the adjacent towns of Burgos and Bangui.

And with a network of well-paved roads connecting the province’s various municipalities and surrounding provinces, the province hopes to reap more investment opportunities.

The improvement of the seaport in Currimao is an additional feature for Ilocos Norte as cargo vessels with bigger storage capacities can now dock in the said seaport. As always, the Laoag International Airport has witnessed the steady growing numbers of visitors coming from the neighboring countries. As the opportunities come closer to our sight, the province can surely utilize the large pool of talented and well-trained workforce for any form of employment.

Fort Ilocandia Resort and Casino
Photo Courtesy of www.visit-ilocos.com

In terms of agriculture, the unstable prices of tobacco in recent years has prompted the large number of tobacco growers to shift from traditional crops to high value crops such as garlic, onions and tomatoes.

Lately, the province is inclined to invest in food processing, given the enough raw materials to be used.

The operation of the Marcos Feedmill will soon give the livestock raisers here a more breathing ground to further boost the “not so” profitable industry because of the high cost of feeds available in the market.

Flourishing the tourism industry has become a compelling vision of the administration, thus, the province has been doing everything to attract visitors. There are, of course, hotels and recreation centers that have operated but more investments are needed that would lure tourist to keep coming back here.

Recognizing the province potential for eco-tourism destination, the province has developed several areas for any eco-tourism activities. One of which is the Kaangrian Falls in Burgos.

The declaration of Fort Ilocandia Resort and Casino as a Special Economic Tourism Zone, has reaafirmed the province’s role as the tourism hub in the north. Surely, more opportunities is being lined up for Ilocos Norte to take in the coming days.