The Anti-Red Tape Authority (ARTA) gears up to implement Green Lanes for Strategic Investments under Executive Order (EO) 18, series of 2023. Said EO defines those that are aligned with the Philippine Development Plan or any equivalent national development plan and can be characterized by significant capital or investment in the country as a strategic investment.
Strategic investments are those with consequential economic impact, positive impact on the environment, significant contribution to the country’s balance of payments, complex technical processes and engineering designs, and will improve the country’s infrastructure capabilities.
The Board of Investments (BOI) will establish a One-Stop-Action-Center for Strategic Investments (OSAC-SI), which will act as the central hub for all initiatives that qualify as Strategic Investments.
It signifies the unwavering commitment of thise government to simplify procedures and trim bureaucratic layers to ensure the ease of doing business in our country. It will also serve as a beacon of progress for businesses and for every Filipino, guiding us toward a future of growth, opportunity, and success. This will also strengthen market competition and reduce barriers to investment. PBMM said during the launching of green lanes for strategic investments at the Soﬁtel Philippine Plaza in Pasay City.
ARTA Sec. Perez confirmed that all are ready for the full implementation of EO No. 18 to improve the ease of doing business. Further to promote foreign direct investments and streamline the government approval and registration processes for strategic investments and economic development.
In collaboration with ARTA, the EDC extends its commitment to permitting market competition, streamlining processes, and simplifying procedures for our country’s export growth. AGPM