Question & AnswerQ&A (PROCLAMATION NO. 619)
The Forth Ilocandia Tourism Economic Zone was created and designated pursuant to Republic Act No. 7916, otherwise known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The President of the Philippines has the authority to create and designate a tourism economic zone, upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority.
The tourism economic zone is located in Barangay Balacad, City of Laoag, Province of Ilocos Norte.
The tourism economic zone is named as FORTH ILOCANDIA TOURISM ECONOMIC ZONE.
The zone consists of approximately 774,680 square meters.
Republic Act No. 7916, the Special Economic Zone Act of 1995, governs the establishment and administration of such zones.
The recommendation came from the Board of Directors of the Philippine Economic Zone Authority.
The technical description and boundaries legally define the precise location and extent of the land designated as the tourism economic zone, which is necessary for clarity, legal identification, and enforcement.
The survey was executed by Arturo V. Quinto, a Geodetic Engineer, from April 8 to 24, 1980, and it was approved on October 14, 1980.
The designation subjects the area to the regulatory framework of Republic Act No. 7916, which includes investment incentives, tax exemptions, and rules that govern activities within special economic zones to promote tourism and economic development.