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:
“Lo! Death has reared himself a throne
In a strange city lying alone
Far down within the dim West,
Where the good and the bad and the worst and the best
Have gone to their eternal rest.”
—Edgar Allan Poe (1809–1849)
“In this century the writer has carried on a conversation with madness. We might almost say of the twentieth-century writer that he aspires to madness. Some have made it, of course, and they hold special places in our regard. To a writer, madness is a final distillation of self, a final editing down. It’s the drowning out of false voices.”
—Don Delillo (b. 1926)
“... feminism is a political term and it must be recognized as such: it is political in women’s terms. What are these terms? Essentially it means making connections: between personal power and economic power, between domestic oppression and labor exploitation, between plants and chemicals, feelings and theories; it means making connections between our inside worlds and the outside world.”
—Anica Vesel Mander, U.S. author and feminist, and Anne Kent Rush (b. 1945)
“The human race is a zone of living things that should be defined by tracing its confines.”
—Italo Calvino (1923–1985)
“Destiny. A tyrant’s authority for crime and a fool’s excuse for failure.”
—Ambrose Bierce (1842–1914)