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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 ...
As of April 30, 2016, there were 345 operating economic zones throughout the Philippines. [1] Types. Special economic zones are categorized as follows: [1]
It was hugely successful and is still in operation today. Other free zones to note are the Kandla Free Zone in India, which started in about 1960, and the Kaohsiung Export Processing Zone in Taiwan, which started in 1967. The number of worldwide free-trade zones proliferated in the late 20th century.
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Montego Bay Free Zone (MBFZ) in Montego Bay was established in 1985 on a 95-acre (38 ha) site southwest of the city. It has 488,110 square feet (45,347 m 2 ) of factory/office space. An additional 103,000 square feet (9,600 m 2 ) of space is being added specifically for information technology.
The Bataan Economic Zone (BEZ) converted into FAB on October 23, 2009 was separated from PEZA when it fully turned over the zone's operations and management to another government agency Authority of the Freeport Area of Bataan (AFAB) on June 29, 2010 at 1:25 pm one day before the end of administration of President Gloria Macapagal Arroyo and ...
Clark International Airport (IATA: CRK, ICAO: RPLC)—known as Diosdado Macapagal International Airport from 2003 to 2014—is an international airport covering portions of the cities of Angeles and Mabalacat within the Clark Freeport and Special Economic Zone in the province of Pampanga, Philippines.
Kingston began manufacturing removable disk drive storage products in 1989 in their Kingston Storage Products Division. By 2000, it was decided to spin off the product line and become a sister company, StorCase Technology, Inc. [9] StorCase ceased operations in 2006 after selling the designs and rights to manufacture its products to competitor CRU-DataPort.