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The list includes general SEZs and the more specific free trade zones and free ports, managed either by the Philippine Economic Zone Authority or held privately. As of April 30, 2016, there were 345 operating economic zones throughout the Philippines. [1]
The Subic Bay Metropolitan Authority (SBMA; Filipino: Pangasiwaang Kalungsuran sa Look ng Subic [1]) is a governmental agency of the Philippines. [2] [3] The SBMA has played a significant part in the development of the Subic Special Economic and Freeport Zone into a self-sustainable area that promotes the industrial, commercial, investment, and financial areas of trade in the zone as well as ...
In early 1972, three congressmen — Roman, Roces, and Sarmiento - sponsored the bill to convert the free trade zone authority into government corporation. This would grant the power of a corporation combined with the coercive strength of the Philippine Government to move the project ahead, especially regarding the relocation of residents.
While the Subic Special Economic and Freeport Zone (as well as the agency responsible for the freeport zone's operations and management Subic Bay Metropolitan Authority (SBMA)) shares a name with a nearby town, it covers portions of Olongapo and the town of Subic in Zambales, and Hermosa and Morong in Bataan. It covers a total area of 67,452 ...
The Philippines has signed a free trade deal with South Korea, its president said on Thursday, completing four years of negotiations between the countries on trade and investment ties. Philippine ...
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). In early 1972, three congressmen — Roman ...
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 six free trade zones will be Thilawa Port in Yangon, Mawlamyine in Mon State, Myawaddy and Hpa-an in Kayin State, Kyaukphyu in Rakhine State and Pyin Oo Lwin in Mandalay Region. [35] According to the country's Special Economic Zone Law's [ 36 ] Act 7, Section 36, homes and farming properties located on a proposed SEZ must be duly relocated ...