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| Philippine
economic zones (ecozones)
are collections of industries, brought together
geographi-cally for the purpose of promoting economic
dev't. |
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| Philippine
economic zones (ecozones) are collections
of industries, brought together geographically for
the purpose of promoting economic development. Although
designed to operate separately from the political
and economic milieu of surrounding communities,
Philippine economic zones do in
fact interact with their neighbors. There are 41
private-owned economic zones and 4 government owned
economic zones in the Philippines. Of the 41 private
economic zones, the biggest exporter is Gateway
Business Park in General Trias,
Cavite and the second biggest private ecozone is
Laguna Technopark Inc. The four
governmently owned are Cavite Economic Zone,
Bataan Economic Zone, Mactan Economic Zone
and Baguio City Economic Zone.
Thus it is a useful act for the growth
of economic zone of the country. |
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A Special
Economic Zone (SEZ) is a geographical region that
has economic laws that are more liberal than a country's
typical economic laws. The category 'SEZ' covers
a broad range of more specific zone types, including
Free Trade Zones (FTZ), Export Processing Zones
(EPZ), Free Zones (FZ), Industrial Estates (IE),
Free Ports, Urban Enterprise Zones and others.
Usually the goal of an SEZ structure is to increase
foreign investment.
A single SEZ can contain multiple 'specific' zones
within its boundaries. The two most prominent examples
of this layered approach are Subic Bay in the Philippines
and the Aqaba Special Economic Zone in Jordan.
According to World Bank estimates, as of 2007 there
are more than 3,000 projects taking place in SEZs
in 120 countries worldwide.
SEZs have been implemented using a variety of institutional
structures across the world ranging from fully public
(government operator, government developer, government
regulator) to 'fully' private (private operator,
private developer, public regulator). In many cases,
public sector operators and developers act as quasi-government
agencies in that they have a pseudo-corporate institutional
structure and have budgetary autonomy. SEZs are
often developed under a Public-Private-Partnership
arrangement, in which the public sector provides
some level of support (provision of off-site infrastructure,
equity investment, soft loans, bond issues, etc)
to enable a private sector developer to obtain a
reasonable rate of return on the project (typically
10-20% depending on risk levels).
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The Philippines
had a labor force estimated at 32 million in 2000.
In 1998, 40% were engaged in agriculture, forestry,
and fishing (compared with 58% in 1968), 17% worked
in industry, and 43% in the service sector. In 2001,
the unemployment rate was estimated at 10% of the
workforce.
In May 1974, the government passed a new labor code
that restructured the trade union movement on a
one-industry, one- union basis. Most of the more
than 3,700 trade unions are small; industrial unions
have been united in the Philippines Trade Union
Congress, and agricultural workers in the Federation
of Free Farmers. Strikes are prohibited in such
essential services as transportation, communications,
and health care. In 2001, about 11% of the labor
force was unionized, although only 2% were covered
by collective bargaining agreements. While the right
to strike and bargain are recognized by law, numerous
instances of intimidation of union officials have
been reported.
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Updated Listings
on PEZA Incentives Buildings |
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Updated Listings
on Special Economic Zones |
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All information furnished regarding the property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions you must hire an engineer or architect.
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