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On June 21, 1969, Congressman Pablo Roman, Sr. authored Republic Act 5490 designating Mariveles, Bataan as the first free trade zone in the Philippines. This created the Free Trade Zone Authority (FTZA), later became Export Processing Zone Authority (EPZA) and Philippine Economic Zone Authority (PEZA).
There are about 40 Export Processing Zones with "close to 40,000 workers employed and contribution of 10.7 % of national exports. Over 70% of EPZ output is exported to the USA under AGOA". [ 4 ]
The 180,000 bpsd Petron Bataan Refinery in Limay, Bataan is a full conversion refinery and the sole integrated oil refinery and petrochemical complex in the Philippines The Freeport Area of Bataan, formerly known as Mariveles Free Trade Zone (June 21, 1969 – November 20, 1972), and Bataan Export Processing Zone/Bataan Economic Zone (November ...
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
The Cagayan Special Economic Zone and Freeport, also known as Cagayan Freeport, is a special economic zone in Cagayan Province, northern Luzon, in the Philippines.It is envisioned to be a self-sustaining industrial, commercial, financial, tourism, and recreational center, in order to effectively encourage and attract legitimate and productive local and foreign investments and eventually create ...
The definition of an SEZ is determined individually by each country. According to the World Bank in 2008, the modern-day special economic zone typically includes a "geographically limited area, usually physically secured (fenced-in); single management or administration; eligibility for benefits based upon physical location within the zone; separate customs area (duty-free benefits) and ...
On February 1, 2017 at around 6:00 p.m. , a fire hit the House Technology Industries, Ltd. factory inside the Cavite Export Processing Zone in General Trias, Cavite. [4] Incident
The first signs of a major shift came with the creation of an export processing zones in Mariveles, Bataan and later, similar zones in Mactan, Baguio and Cavite. Marcos cracked down on labor protests, with the implementation of a "no-union, no-strike" policy.