Cagayan Economic Zone Authority
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| Agency overview | |
|---|---|
| Formed | February 24, 1995 |
| Headquarters | 7F, Westar Building, 611 Shaw Boulevard, Pasig City, Philippines |
| Agency executives | |
| Parent agency | Office of the President |
| Website | www |
The Cagayan Economic Zone Authority (CEZA) is the government-owned and controlled corporation (GOCC) tasked to manage and supervise the development of the Cagayan Special Economic Zone and Freeport (CSEZFP). CEZA’s creation and operation is mandated by virtue of Republic Act 7922, otherwise known as the “Cagayan Special Economic Zone Act of 1995” by then President Fidel V. Ramos. The Cagayan Economic Zone Act of 1995 was authored by Sen. Juan Ponce Enrile, a native of Gonzaga town in Cagayan.
Spatially, the Cagayan Economic Zone & Freeport covers the entire Municipality of Sta., Ana including the Islands of Fuga, Barit, Mabbag in the Municipality of Aparri in the Province of Cagayan . Approximately 54,118 hectares of land for prime development falls within the jurisdiction of CEZA. It is surrounded by the waters of Babuyan Channel and West Philippine Sea on the North and the Pacific Ocean on the east.
The Cagayan Special Economic Zone and Freeport, also known as Cagayan Freeport, is a special economic zone in Cagayan Province, northern Luzon, 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 the Freeport Zone.
The Cagayan Freeport Zone has been identified as a potential development impetus for the region. It is a major transshipment point for trade in the Asia-Pacific rim due to its strategic location between the Pacific Ocean and the West Philippine Sea, on major international shipping routes between the West Coast of North America, the Far East and Southeast Asia. It is strategically located in relation to the strong overseas markets of Taiwan, Hong Kong, People’s Republic of China, Japan, and South Korea. The geography is suitable for the development of a transshipment hub with a modern seaport and airport with ample surrounding land area for the establishment of industrial, commercial and tourism developments.
The freeport is at the forefront of the development of the gaming infrastructure. Gaming operators and entities operating in the freeport enjoy numerous benefits and incentives inherent including the potential of positioning themselves as lead players in the freeport, ensuing global connectivity. CEZA is a leading online (offshore) gaming jurisdiction in Asia.
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