BusinessMirror

PBBM urged to extend travel tax policy for BIMP-EAGA travelers

- By Jovee Marie N. Dela Cruz @joveemarie

THE House Special Committee on East Asean Growth Area has recently adopted House Resolution 454 urging President Ferdinand R. Marcos Jr. to renew the policy granting travel tax exemption to travelers departing from all internatio­nal airports and seaports in Mindanao and Palawan to any destinatio­n in the Brunei Dar us sal am- indonesia-malaysia philippine­s-east A sean Growth Area (BIMP-EAGA).

Sultan Kudarat Rep. Princess Rihan Sakaluran, author of the measure, traced the policy to former President Rodrigo Duterte, by virtue of Memorandum Order No. 23 issued in 2018, to promote mobility of travelers across the sub-regional areas and for airline companies to open up services within the Philippine­s-eaga routes.

“In order to promote mobility of travelers across the sub-regional areas, and for airline companies to open up services within the Philippine­s-eaga routes, former President Duterte issued Memorandum Order 23 granting tax exemption to all passengers originatin­g from Mindanao and Palawan to any destinatio­n in BIMP-EAGA,” she said.

However, the policy had a fiveyear effectivit­y that will expire in 2023.

“The opening of our economic corridors is crucial to attain the mission and vision of the BIMP-EAGA,” said Sakaluran.

According to Sakaluran, the ministers of BIMP-EAGA are deeply concerned with the protracted impact brought about by the Covid-19 pandemic as it continues to affect lives and livelihood­s in the sub-region.

“The travel tax exemption policy that the national government has been granting travelers from Mindanao and Palawan to any are in the BIMP-EAGA has continued to revitalize the BIMPEAGA’S programs and activities and has made a positive impact on the growth of tourism, trade and investment in [the] sub-region. More particular­ly, it has produced economic benefits in terms of increased business activities, remarkable growth in tourism developmen­t, additional air and sea services in the transporta­tion sector and heightened sociocultu­ral ties among the people in the growth area,” she added.

During the hybrid meeting, Davao del Sur Rep. John Tracy Cagas said that the objective of the BIMP-EAGA Vision 2025 is to increase trade, tourism and investment­s that will guide cooperatio­n over a nine-year period covering calendar years 2017-2025.

He also said that no less than Speaker Ferdinand Martin Romualdez supports the measure.

National Economic and Developmen­t Authority Undersecre­tary Carlos Bernardo Abad Santos said the BIMP-EAGA is a cooperatio­n initiative establishe­d in 1994 aimed at promoting mobility and spur developmen­t in remote and less developed areas in the participat­ing Southeast Asian countries.

 ?? ??

Newspapers in English

Newspapers from Philippines