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TRANSFORMING THE BANGSAMORO: FROM BACK DOOR TO FRONT DOOR ?. Outline. I. STRENGTHS /ADVANTAGES OF ARMM. WHY BOTHER WITH MUSLIM MINDANAO?. STRENGTHS/ADVANTAGES OF ARMM. The only autonomous region, hence capable of regional legislation Untapped natural resources
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TRANSFORMING THE BANGSAMORO: FROM BACK DOOR TO FRONT DOOR?
I. STRENGTHS/ADVANTAGES OF ARMM WHY BOTHER WITH MUSLIM MINDANAO?
STRENGTHS/ADVANTAGES OF ARMM • The only autonomous region, hence capable of regional legislation • Untapped natural resources • Rich fishing grounds and fertile lands • Cultural links with Brunei, Indonesia and Malaysia • Trade links with Indonesia and Malaysia (barter trade) • Majority Muslim population: • Islamic financing • Halal food market
Mindanao and ARMM’s contribution to GDP • More than 60% of the country’s agri-products came from Mindanao. ARMM contributes: 11.46% in corn production; 11.43% in coffee production, 8.09% in coconut production; and 3.57% in palay production (BAS, 2011). • ARMM highest contribution to national fish production (MT), accounts for 17.5 percent but only 6.5% of value (BFAR, 2010) • ARMM accounts for almost 70 percent of the Mindanao seaweeds production (BAS, 2012).
Economic Interests: Tremendous Potential of Bangsamoro Leaked US Embassy cable: reference to natural gas and oil deposits in 288,000 hectares Liguasan Marshand an area straddling Tawi-Tawi and Sulu. PNOC:estimated natural gas deposits in Sultan Sa Barongis will fuel a 60MW power plant for 20 years. Others: Entry into Islamic finance market valued at US$1 trillion (2010). Entry point to halal food market, US$634.5 Billion in 2009 and $661.6 billion in 2010 (Source: World Halal Forum)