Agency overview | |
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Formed | November 20, 1972 |
Preceding Agency |
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Agency executive |
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Parent department | Department of Trade and Industry |
Website | www |
Philippine Economic Zone Authority (PEZA), formerly known as Export Processing Zone Authority (EPZA), is a government agency in the Philippines attached to the Department of Trade and Industry created to help promote investments in the export-oriented manufacturing industry into the country by assisting investors in registering and facilitating their business operations and providing tax incentives. [1] PEZA also assists investors who locate in service facilities inside selected areas in the country (areas are called PEZA Special Economic Zones) which are usually business process outsourcing and knowledge process outsourcing firms. Other activities also eligible for PEZA registration and incentives include establishment and operation within special economic zones for tourism, medical tourism, logistics and warehousing services, economic zone development and operation and facilities providers. [2]
On November 20, 1972, the Export Processing Zone Authority (EPZA) was created through Presidential Decree 66, with the first official economic zone in the Philippines is Bataan Export Processing Zone (BEPZ), later became Freeport Area of Bataan since June 30, 2010, in Mariveles, Bataan.
In 1979, President Ferdinand E. Marcos Sr. signed Proclamation Nos. 1811 and 1825 [3] [4] which established the Mactan Export Processing Zone (MEPZ) in Mactan, Cebu and the Baguio City Export Processing Zone (BCEPZ) in Baguio City. The Cavite Export Processing Zone (CEPZ) was then later created on May 30, 1980 through Proclamation No. 1980 [5] followed by the Pampanga Export Processing Zone (PEPZ) on June 05, 1981 through Proclamation No. 2089, s. 1981. [6]
On February 21, 1995, EPZA became PEZA due to the enactment of Republic Act 7916 which was passed by the House of Representatives and the Senate and approved by former Philippine President Fidel V. Ramos. [7] As provided in the Special Economic Zone Act, the PEZA Board is chaired by the Secretary of the Department of Trade and Industry. Vice-Chair is the Director General (Chief Executive Officer) of PEZA. Members of the Board are Undersecretaries representing nine (9) key government Departments, to ensure efficient coordination between PEZA and their respective Departments on matters pertaining to investors' operations inside the Special Economic Zones. [8]
PEZA inherited the three public ecozones under EPZA. PEZA acquired Pampanga Economic Zone in 2003. The Bataan Economic Zone (BEZ), however, was separated from PEZA upon the transfer of the zone's operations and management to another government agency Authority of the Freeport Area of Bataan (AFAB, established October 23, 2009) on President Gloria Macapagal Arroyo's last day as President of the Philippines and Benigno Aquino III became president on June 30, 2010 which converted BEZ into FAB, abolishing BEZ, and creating the second freeport zone in the province after Subic Bay Freeport Zone (SBFZ) in Morong and Hermosa pursuant to Section 28 of Republic Act 9728. This started the zone to adapt the FAB name and logo, with the change was reflected when the PEZA and BEZ names on the zone's administration building and a welcome sign along Roman Superhighway were removed three months later on early September 2010 which made the red part of the BEPZ/BEZ/PEZA logo became all blue and then the said logo was next to be removed by placing a cement on a part of the building where the logo is in 2012. Despite the conversion to FAB and turnover of the zone to AFAB, there are still traces and references of BEPZ/BEZ and PEZA still left that were not yet removed, such as on some signages found on Mariveles Zigzag Road and on a newer welcome sign located after the zone's another sign with a guard house along the said highway. The BEZ sticker is still effective until FAB started to issue its own sticker in 2011 which succeeded the former. FAB initially had 39 enterprises and 12,777 workers by the time of conversion of the zone from BEZ to FAB and turnover of the zone's operations and management from PEZA to AFAB which inherited from its predecessor BEZ. [9] [10] [11]
PEZA offers both fiscal and non-fiscal incentives as well as ready-to-occupy business locations in world-class economic zones and IT parks or buildings. Fiscal incentives include: income tax holiday for a certain number of years, which translates to 100% exemption from corporate income tax; tax and duty-free importation of raw materials, capital equipment, machineries and spare parts; exemption from wharfage dues and export tax, impost or fees; VAT zero-rating of local purchases subject to compliance with BIR and PEZA requirements; exemption from payment of any and all local government imposts, fees, licenses or taxes; and exemption from expanded withholding tax. Non-fiscal incentives, on the other hand, include simplified import-export procedures, extended visa facilitation assistance to foreign nationals and spouses and dependents; special visa multiple entry privileges; and more.
As of February 2019, PEZA has over 396 fully operating economic zones that are spread across the country. Aside from central business districts in Bonifacio Global City, Makati, Ortigas and Quezon City, there are also economic zones in other next-wave cities such as Batangas, Cebu, Baguio, Subic, Iloilo, Dumaguete, Pampanga and more. Currently, PEZA-accredited buildings and office spaces are mostly in Makati with over 35 operating economic zones including Glorietta 1 and 2 BPO, PBCom Tower, and the Zuellig Building. In Fort Bonifacio or Bonifacio Global City, there are 17 operating economic zones, including Bonifacio Technology Center, Sun Life Centre, Picadilly Star, World Plaza and EcoTower. In Quezon City, there are 18 operating economic zones including the ABS-CBN's ELJ Communications Center in Diliman. In Pampanga, there is one economic zone, Alviera Industrial Park.
A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade.
Pampanga, officially the Province of Pampanga, is a province in the Central Luzon region of the Philippines. Lying on the northern shore of Manila Bay, Pampanga is bordered by Tarlac to the north, Nueva Ecija to the northeast, Bulacan to the east, Manila Bay to the central-south, Bataan to the southwest and Zambales to the west. Its capital is the City of San Fernando. Angeles City is the largest LGU, but while geographically within Pampanga, it is classified as a first-class, highly urbanized city and has been governed independently of the province since it received its charter in 1964.
Bataan, officially the Province of Bataan, is a province in the Central Luzon region of the Philippines. Its capital is the city of Balanga while Mariveles is the largest town in the province. Occupying the entire Bataan Peninsula on Luzon, Bataan is bordered by the provinces of Zambales and Pampanga to the north. The peninsula faces the South China Sea to the west and Subic Bay to the north-west, and encloses Manila Bay to the east.
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Fab or FAB may refer to:
The Subic Special Economic and Freeport Zone, often shortened as Subic Bay or Subic, is a special economic zone and freeport area covering portions of the city of Olongapo and the town of Subic in Zambales, and the towns of Hermosa and Morong in Bataan in the Philippines. The relatively developed and fenced area is called the Subic Bay Freeport Zone (SBFZ).
Polytechnic University of the Philippines Bataan is a satellite campus of the Polytechnic University of the Philippines located in Elliptical Road, Brgy. Malaya, Freeport Area of Bataan (FAB), Mariveles, Bataan, Philippines. It was established in June 1976 as a Branch college of PUP in Bataan.
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The Authority of the Freeport Area of Bataan (AFAB) is a government agency attached to the Office of the President of the Philippines that operates and manages the Freeport Area of Bataan (FAB) in Mariveles, Bataan, Philippines. It was created on October 23, 2009 through RA 9728 and started operations and management over the zone which took over from Philippine Economic Zone Authority (PEZA) on June 30, 2010.
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The Freeport Area of Bataan (FAB), formerly Bataan Export Processing Zone (BEPZ) and Bataan Economic Zone (BEZ) from June 21, 1969 to June 30, 2010, is a special economic zone in Mariveles, Bataan, Philippines. It was envisioned by Congressman Pablo Roman, Sr., a representative from Bataan, who authored Republic Act 5490 designating the said location as the first free trade zone in the Philippines. It is also the second freeport zone in the province since June 30, 2010, after Subic Special Economic and Freeport Zone in Hermosa and Morong.
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