THE Aurora Pacific Economic Zone and Freeport (Apeco) on Wednesday said its prospective locators can now make decisions more firmly and expedite projects, following its approved designation by the Bureau of Customs (BOC) as an import and export freezone with access to its Client Profile Registration System (CPRS).
“This development is expected to unlock pending investments and fast-track decision-making among our prospective locators,” Apeco president and CEO Gil Taway IV said in a statement. “Some investors have been waiting for this formal recognition before proceeding with their projects, particularly those with import-export requirements.”
Previously, Apeco’s locators had to coordinate with multiple agencies to complete their accreditation, which could delay operational timelines.
The CPRS is an automated process of registration and renewal of all BOC stakeholders, including importers and exporters transacting with the agency.
“This strengthens Apeco’s position to become the country’s ‘Gateway to the Pacific,’ a strategic hub for trade, logistics and emerging industries serving the Asia-Pacific region,” Taway said.