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Manila Bulletin devider Philippines devider National devider Marcos creates new special economic zone in Tarlac

Marcos creates new special economic zone in Tarlac

Published Oct 6, 2024 04:36 am

President Marcos has designated a parcel of land in Tarlac City as a special economic zone (SEZ).

BBM courtesy call file photo.jpg
President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate)

Malacañang said Marcos created the SEZ through Proclamation No. 701. The new SEZ is in Barangay Lourdes in Tarlac City.

Proclamation No. 701 was issued pursuant to Republic Act No. 7916 or the "Special Economic Zone Act of 1995," following the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).

The new SEZ, which has a total area of two million square meters, will be known as the TARI Estate.

Executive Secretary Lucas Bersamin signed the proclamation on behalf of the President on Oct. 2.

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Special Economic Zones Tarlac City President Marcos
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