The Zamboanga City Special Economic Zone Authority (Zamboecozone), otherwise known by its corporate name as Zamboanga Freeport Authority (ZFA), was created by virtue of the Republic Acts of the Philippines 7903 of the Philippines, authored by then Congresswoman and late mayor of the city of Zamboanga, Maria Clara L. Lobregat.
The special economic zone was enacted into law on February 23, 1995 and made operational a year later with the appointment of a Chairman and Administrator and the members of the Board by former President Fidel V. Ramos. It is located about 20 km. from Zamboanga City. The Zamboanga Freeport Authority is managed as a separate customs territory and offers incentives for would-be investors like tax free importation of goods, and other tax incentives.
Read more about Zamboanga City Special Economic Zone Authority: History, List of Investors
Famous quotes containing the words city, special, economic, zone and/or authority:
“I am not aware that any man has ever built on the spot which I occupy. Deliver me from a city built on the site of a more ancient city, whose materials are ruins, whose gardens cemeteries. The soil is blanched and accursed there, and before that becomes necessary the earth itself will be destroyed.”
—Henry David Thoreau (1817–1862)
“‘I mean to retire, where
Nobody will have heard about my special skills
And conversation is mainly about the wearther.”
—Eiléan Ní Chuilleanáin (b.1942)
“... the living, vital truth of social and economic well-being will become a reality only through the zeal, courage, the non-compromising determination of intelligent minorities, and not through the mass.”
—Emma Goldman (1869–1940)
“Light is meaningful only in relation to darkness, and truth presupposes error. It is these mingled opposites which people our life, which make it pungent, intoxicating. We only exist in terms of this conflict, in the zone where black and white clash.”
—Louis Aragon (1897–1982)
“I am still a learner, not a teacher, feeding somewhat omnivorously, browsing both stalk and leaves; but I shall perhaps be enabled to speak with more precision and authority by and by,—if philosophy and sentiment are not buried under a multitude of details.”
—Henry David Thoreau (1817–1862)