The new facility will house products from Mindanao and Palawan as well as showcase investment projects and tourism destinations.
On October 6, 2015, the Department of Trade and Industry (DTI), in partnership with Davao Ecocrafts Association, Inc., launched a one-stop facility in Davao City in a bid to promote trade, tourism, and investment opportunities.
The facility, named ECOFUSION, will house products from Mindanao and Palawan as well as investment projects and tourism destinations in line with the objective of the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) Trade and Investment Facilitation Cluster.
The brand name of the facility was coined from the word “eco” representing the three major development principles of BIMP-EAGA commitments: ecological balance, eco-tourism, and economic development. The word “fusion,” on the other hand, depicts the integration of initiatives on trade, tourism, environment, and investments of the four member-countries.
Located at the 3rd level of Abreeza Ayala Mall in Davao City, the facility will serve as a platform to promote greater trade opportunities for products that highlight the culture and natural resources of Mindanao and Palawan. Additionally, it will be a venue for the promotion of tourism and investments, providing data and information to investors, tourists, and other stakeholders.
DTI 11 Regional Director Maria Belenda Q. Ambi said this is not only an opportunity for micro, small, and medium enterprises (MSMEs), but also for the local government units (LGUs) to encourage infusion of investments into their respective areas of jurisdiction.
“DTI and DEA, along with our partners, will work really hard for the ECOFUSION to truly achieve its goals. But, of course, we need the support of our MSMEs, LGUs and other stakeholders,” she said.
The ECOFUSION’s establishment is in partnership with the Mindanao Development Authority and Department of Tourism. It is under the BIMP-EAGA Trade and Investment Facilitation Cluster.