Monday, September 24, 2018

House moves to boost PH’s arms industry

Nov 4, 2017 @ 14:50

The House of Representatives approved on the second reading House Bill No. 6525 seeking to establish a Special Defense Economic Zone (SpeDEZ) inside the government arsenal industrial estate in Camp General Antonio Luna in Limay, Bataan.

The objective of the measure is to enhance investment opportunities inside the economic zone, while strengthening the country’s defense capabilities.

The bill’s principal author, Bataan second-district Rep. Jose Enrique Garcia lll, said he envisions for the Philippines a globally competitive, centralized government-sanctioned arms industry.

Garcia said the local arms industry must be able to produce conventional weapons and equipment for domestic use, as well as for export, with emphasis on arms research and development.

“This will lay credence and support for Tiwala sa Gawang Pilipino,” said Garcia, adding he wants the country to become “a diverse and multi-investment hub.”

The SpeDEZ shall cover the 370 hectares of government arsenal industrial estate inside Camp General Antonio Luna in Limay, Bataan and all other areas which may be declared as part of SpeDEZ in compliance with the Act, including the Government Arsenal (GA) as created by Republic Act No. 1884.

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