Clark Freeport and Special Economic Zone

Clark Freeport and
Special Economic Zone
Freeport and Special Economic Zone
Main gate of the Clark Freeport Zone in Angeles

CFZ Logo

Location of Clark in Tarlac and Pampanga
Clark
Location within the Philippines
Clark
Clark (Philippines)
Coordinates: 15°11′06″N 120°32′22″E / 15.18493°N 120.5394°E / 15.18493; 120.5394Coordinates: 15°11′06″N 120°32′22″E / 15.18493°N 120.5394°E / 15.18493; 120.5394
Country  Philippines
Region Central Luzon (Region III)
Provinces Pampanga and Tarlac
Cities and Towns Pampanga
Tarlac
Founded April 3, 1993
Area[1]
 • Total 314 km2 (121 sq mi)
Time zone UTC+8 (PST)
Website www.clark.com.ph

The Clark Freeport and Special Economic Zone (CFEZ)[1] refers to an area spanning the city of Angeles and the provinces of Pampanga and Tarlac.

The Clark area in Pampanga covers the cities of Angeles and Mabalacat and the towns of Porac while parts of the area in Tarlac include the towns of Capas and Bamban, Tarlac.

The CFEZ divided into two areas, the Clark Freeport Zone (CFZ) and the Clark Special Economic Zone (CSEZ). The New Clark City is part of the Clark Special Economic Zone. The CFZ covers the area of the former United States Air Force facility, Clark Air Base. Most of which of this air base was converted to the Clark International Airport and some remained under the control of the Philippine Air Force.

Today, Clark forms the hub for business, industry, aviation, education, and tourism in the Philippines as well as a leisure, fitness, entertainment and gaming center of Central Luzon.[2]

History

The Bases Conversion and Development Act of 1992, also known as Republic Act 7227 authorized Philippine President to issue a decree converting the military reservation in the Clark area covering Angeles, Mabalacat, and Porac, Pampanga and Capas, Tarlac into a special economic zone.[3]

Then-President Fidel Ramos issued Proclamation No. 163 on April 3, 1993, creating the Clark Special Economic Zone (CSEZ) and transferring the administration of the area to the Bases Conversion and Development Authority (BCDA). The proclamation included the Clark Air Base and portions of the Clark reverted baselands not reserved for military use to the CSEZ. On June 14, 1996, the CSEZ was expanded with the addition of the Sacobia area, which includes lands from Mabalacat, Pampanga and Bamban, Tarlac, through Ramos' Proclamation No. 805.[4]

The CSEZ was placed under the Philippine Economic Zone Authority on March 10, 2006 by then President Gloria Macapagal Arroyo through Proclamation 1035 granting tax and duty exemptions to export company locators operating within the CSEZ. The Clark economic zone lost these exemptions in 2005 after a Supreme Court ruling that these exemptions under the BCDA charter are exclusive to the Subic economic zone.[5]

The Clark Air Base area, also known as the Clark Main Zone was declared a Freeport Zone and was separated from the special economic zone through Republic Act 9400 of 2007.[6]

See also

References

  1. 1 2 "Join Foreign Chamber (JFC) meeting with Clark Development Corporation (CDC)". European Chamber of Commerce of the Philippines. 8 June 2017. Retrieved 24 May 2018.
  2. ↑ "Clark Field Special Economic & Freeport Zone, Angeles City, Pampanga Philippines". TravelPH.com. Manila Forwarders Travel and Tours. Retrieved 2007-11-24.
  3. ↑ "Republic Act 7227: Bases Conversion and Development Act of 1992". Congress of the Philippines. 13 March 1992. Retrieved 24 May 2018.
  4. ↑ "Proclamation No. 1035, s. 2006". Official Gazette of the Republic of the Philippines. 10 March 2006. Retrieved 24 May 2018.
  5. ↑ "Perks restored to Clark locators". GMA News. 22 March 2006. Retrieved 24 May 2018.
  6. ↑ "Republic Act 9400". Congress of the Philippines. 20 March 2007. Retrieved 24 May 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.