Question & AnswerQ&A (PROCLAMATION NO. 1164)
The creation and designation of the UPLB Agro-Industrial Park as an Agro-Industrial Economic Zone is pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748, also known as the Special Economic Zone Act of 1995.
The President of the Philippines has the authority to create and designate special economic zones such as the UPLB Agro-Industrial Park, pursuant to RA No. 7916 and upon recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The UPLB Agro-Industrial Park is located within the UPLB Compound, Los Baños, Laguna, with an approximate area of 608,498 square meters.
The Board of Directors of the Philippine Economic Zone Authority (PEZA) recommended the creation of the UPLB Agro-Industrial Park as an Agro-Industrial Economic Zone.
The governance of the UPLB Agro-Industrial Park is subject to Republic Act No. 7916 as amended, its Implementing Rules and Regulations, PEZA Board Resolutions No. 07-232 (s. 2007), No. 09-193 (s. 2009), and amendments by Resolution No. 11-423 (s. 2011).
The land area designated is defined as Lot D-1-B Psd-227910 TCT No. 45714, a portion of Lot D-1, Psd-24950, situated in Barangay Tuntungin, Los Baños, Laguna, with detailed boundary descriptions including adjacent lots and rivers.
The UPLB Agro-Industrial Park is bounded by the Maitim River on the southwest and the Bagambula River on the north and east sides as per the technical description.
The UPLB Agro-Industrial Park is created as a Special Economic Zone under Republic Act No. 7916, also known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The PEZA Board resolutions mentioned serve as supplementary regulatory instruments that govern the administration, operations, and policies applicable within the special economic zones, including the UPLB Agro-Industrial Park.