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On November 20, 1972, the Bataan Export Processing Zone (BEPZ) (later Freeport Area of Bataan (FAB) since October 23, 2009, with the name was concurrently used with the BEPZ/Bataan Economic Zone (BEZ) names as the zone's secondary name when Authority of the Freeport Area of Bataan (AFAB) partially operated and managed the zone along with PEZA ...
Kamanga Agro-Industrial Economic Zone: Brgy. Kamanga, Maasim, Sarangani: Kamanga Agro-Industrial Ecozone Development Corporation: R-XII: 54.6 New Jubilee Agro-Industrial Economic Zone: Brgy. Hilapnitan, Baybay, Leyte: New Jubilee International Holdings, Inc. R-VIII: 4.98 Philippine Packing Agricultural Export Processing Zone: Bugo, Cagayan de Oro
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 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).
Free-trade zones are referred to as "foreign-trade zones" in the United States (Foreign Trade Zones Act of 1934), [5] where FTZs provide customs-related advantages as well as exemptions from state and local inventory taxes. In other countries, they have been called "duty-free export processing zones," "export-free zones," "export processing ...
The PEZA Board sets the general policies on the establishment and operations of the Ecozones, industrial estates, export processing zones, free trade zones, and the like. [46] They also review proposals for the establishment of Ecozones, which they subsequently endorse to the president of the Republic of the Philippines.
Special Economic Zones (SEZs) in Pakistan are areas designated by the government of Pakistan to promote industrial growth and attract investment. In Pakistan, the SEZ Act was established on 13 September 2012, alongside the subsequent notification of SEZ Rules within the same year.
The Pakistan Export Processing Zone Authority (EPZA) is an autonomous body established under the administrative control of the Ministry of Industries and Production (Pakistan). It is in charge of organizing, creating, and managing Export Processing Zones (EPZs) around the nation and functions in accordance with the EPZA Ordinance 1980. In order ...