Iloilo City Mayor Jose Espinosa III recently issued an executive order creating the Iloilo City Trade and Investment Promotions Board (ICTIPB), as part of an effort to attract more investment into the city.

“Iloilo City’s economy has been constantly in a rising momentum and there is a need to organize a group of investment and trade experts who will be primarily tasked of identifying and providing solutions or programs, or activities that would ensure the continued influx of investment which would bring about more employment opportunities to the people and a booming economy,” he explained.

The mayor will chair the group, where he will recommend policies and measures that would equally protect the rights and welfare of local and foreign investors, as well as Ilonggos.

Among the duties to be undertaken by ICTIPB include conceptualizing trade and investment promotions, progress, and strategies; providing a link between business groups and city government; organizing fairs, summits, and other platforms of convergence for foreign and local investors; and facilitating interfacing between business groups and government agencies, such as the Department of Trade and Industry (DTI) and the Department of Tourism (DOT).

The group will also identify priority areas for investments and help investors find business opportunities in Iloilo City by providing them with reliable and relevant information./WDJ