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Special Economic Zone Act (R.A. No. 7922).

Main Region

First Region

Philippines
Economic and social policy
1995-02-21
National
Law, Act

Second Region

Provides for the transformation of designated areas into developed commercial zones to encourage foreign investment. There shall be three types of special economic zones (to be known as ECOZONES): industrial estates shall be sites for commercial production; export processing zones shall facilitate export production; and free trade zones shall allow the processing of materials for re-export without being subject to import duties. Lists areas which shall be declared as zones, and sets forth criteria for establishing a zone. Establishes the Philippine Economic Zone Authority Board which shall govern the zones. Conditions of employment in the zones shall be governed by the Philippine Labor Code (q.v.). Provides for a tripartite body to be established to govern industrial relations in the zones, and for a master employment contract for ECOZONE employees. Foreign nationals may not exceed 5 per cent of the workforce.

Amending Text region

Related Text region

Electronic region

Serial region

    Serial title
    Printed separately
    Page range
    14 p.