The Cagayan Economic Zone Authority (CEZA) is a government-owned and controlled corporation (GOCC) tasked to manage and supervise the development of the

Cagayan Cagayan ( ), officially the Province of Cagayan ( ilo, Probinsia ti Cagayan; ibg, Provinsiya na Cagayan; itv, Provinsiya ya Cagayan; fil, Lalawigan ng Cagayan), is a province in the Philippines located in the Cagayan Valley region, covering ...

Special Economic Zone and Freeport (CSEZFP) in the

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

. Its creation and operation are mandated by virtue of Republic Act 7922, otherwise known as the “Cagayan Special Economic Zone Act of 1995” by then President

Fidel V. Ramos Fidel Valdez Ramos (, ; March 18, 1928 – July 31, 2022), popularly known as FVR and Eddie Ramos, was a Filipino general and politician who served as the 12th president of the Philippines from 1992 to 1998. He was the only career military ...

. The Cagayan Economic Zone Act of 1995 was authored by former Senator Juan Ponce Enrile, a native of Gonzaga town in Cagayan. It is the first economic zone in the Philippines to offer to host of

financial technology Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are r ...

companies in the emerging fintech industry with the issuance of the first batch of FTSOVC certificates to three locators.

Overview

The Cagayan Special Economic Zone and Freeport, also known as Cagayan Freeport, is a

special economic zone A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increas ...

Province, northern

Luzon Luzon (; ) is the largest and most populous island in the Philippines. Located in the northern portion of the Philippines archipelago, it is the economic and political center of the nation, being home to the country's capital city, Manila, as ...

, in the Philippines. It is envisioned to be a self-sustaining industrial, commercial, financial, tourism, and recreational center, in order to effectively encourage and attract legitimate and productive local and foreign investments and eventually create employment opportunities and increase income and productivity in the rural areas around Freeport Zone. The Cagayan Special Economic Zone also serves as one of the main gambling jurisdictions in the Philippines. CEZA is headed by Leonardo Cruz as its Acting Administrator and Officer–in-Charge.

Location

Spatially, the Cagayan Economic Zone & Freeport covers the entire Municipality of Sta. Ana, including the Islands of Fuga, Barit, and Mabbag in the Municipality of

Aparri Aparri ( ilo, Ili ti Aparri; tl, Bayan ng Aparri), officially the Municipality of Aparri, is a 1st class municipality in the province of , Philippines. According to the 2020 census, it has a population of 68,839 people. It sits at the mouth of ...

in the Province of Cagayan. Approximately 54,118 hectares of land for prime development fall within the jurisdiction of CEZA. It is surrounded by the waters of Babuyan Channel and the

South China Sea The South China Sea is a marginal sea of the Western Pacific Ocean. It is bounded in the north by the shores of South China (hence the name), in the west by the Indochinese Peninsula, in the east by the islands of Taiwan and northwestern Phi ...

on the North and the Pacific Ocean in the east.

References

External links

First Cagayan Corp.Cagayan Economic Zone Authority (CEZA) Official Website
{{authority control Industrial parks in the Philippines Buildings and structures in Cagayan PEZA Special Economic Zones Government agencies under the Office of the President of the Philippines Government-owned and controlled corporations of the Philippines Government agencies established in 1995