ON WEDNESDAY the Subic and Clark freeport zones took a giant stride in their unified bid to be more attractive to established and future investors.

SBMA administrator Armand Arreza, SBMA chairman Feliciano Salonga, HCPTI chairman Reghis Romero II and HCPTI CEO Michael Romero (left to right) sign the joint venture agreement at the EDSA Shangrila Hotel.

Established and prospective Clark and Subic locators today are doing business in a more comfortable environment, thanks to recent moves that have allowed the harmonization of policies between the two Freeport and economic zones, as well as the streamlining of procedures that have resulted in cutting bureaucratic red tape, reducing the cost of transactions and shortening processing times.

The Clark International Airport Corporation (CIAC) has passed the stage 1 audit of the International Standard Organization Certification (ISO-9001:2008) in a bid to meet the worldwide industrial and commercial standards.