President Ferdinand Marcos Jr. has issued a proclamation designating additional parcels of land for inclusion in existing economic zones in Cavite.
Marcos designated approximately 14,640 square meters of land in Barangay Sta. Rosa I in Noveleta, Cavite, for coverage in the existing Cavite Economic Zone II.
The move is based on Proclamation No. 1460 posted on the Official Gazette on Wednesday.
This is in accordance with Republic Act No. 7916, as amended by Republic Act No. 8748, and upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority.
The Philippine Economic Zone Authority regulates 430 operating economic zones across the country.
These areas span sectors from manufacturing to tourism and digital sectors, supporting the country’s participation in the regional and global markets.
Acting Executive Secretary Ralph Recto signed the proclamation on Sept. 28, on the authority of Marcos.