What are the special economic zones in the Philippines?
Free ports and special economic zones
Economic zone | Address | Location |
---|---|---|
Poro Point Freeport Zone | Poro Point, San Fernando, La Union | Luzon |
Baguio City Economic Zone | Baguio | Luzon |
Mactan Export Processing Zone | Mactan Island, opposite Cebu City | Visayas |
Zamboanga City Special Economic Zone Authority | Zamboanga City | Mindanao |
How many economic zones are there in the Philippines?
The Philippines is one of the many countries in Southeast Asia that have extensively pursued economic zone development. In January 2020, there were 407 operating zones and an additional 144 zones were being developed.
Where are special economic zones located?
SEZs are located within a country’s national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced.
How many special economic zones are in Africa?
As of 2014, the majority of countries in Sub Saharan Africa have active SEZ programmes, most of these being traditional Export Processing Zones and industrial parks. As of 2019, there are an estimated 189 operating SEZs in Africa. SEZs are well developed across the continent and are present in 47 of the 54 countries.
What is economic zone?
Context: The Exclusive Economic Zone (EEZ) comprises an area which extends either from the coast, or in federal systems from the seaward boundaries of the constituent states (3 to 12 nautical miles, in most cases) to 200 nautical miles (370 kilometres) off the coast.
How far is the exclusive economic zone of the Philippines?
200 nautical miles
The Philippines has an exclusive economic zone that covers 2,263,816 square kilometers (874,064 sq mi) of sea. It claims an EEZ of 200 nautical miles (370 km) from its shores. This is due to the 7,641 islands comprising the Philippine archipelago.
What are the 4 economic zones in China?
In China, SEZ normally refers to seven specific zones: Shenzhen, Zhuhai, Shantou, Xiamen, Hainan, Shanghai Pudong New Area, and Tianjin Binhai New Area, which will be discussed later.