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Name: Special Economic Zone Act (R.A. No. 7922).
Country: Philippines
Subject(s): Economic and social policy
Type of legislation: Law, Act
Adopted on: 1995-02-21
Entry into force:
Published on: Printed separately, 14 p.
ISN: PHL-1995-L-52657
Bibliography: Printed separately, 14 p.
Legislation on-line Legislation on-line The House of Representatives, Congress of the Philippines PDF of Act PDF of Act (consulted on 2012-02-07)
Abstract/Citation: 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.
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