Question & AnswerQ&A (PROCLAMATION NO. 1616)
Republic Act No. 7916, known as the Special Economic Zone Act of 1995, governs the creation and administration of special economic zones in the Philippines. Proclamation No. 1616 uses the powers vested by RA 7916, as amended by RA 8748, to create and designate the Bukidnon Agro-Resources Export Zone as an Agro-Industrial Economic Zone.
The President of the Philippines has the authority to create and designate special economic zones, pursuant to the provisions of Republic Act No. 7916 and its amendments, upon recommendation by the Philippine Economic Zone Authority Board of Directors.
The Bukidnon Agro-Resources Export Zone is located in Barangay Agusan Canyon, Municipality of Manolo Fortich, Province of Bukidnon, Island of Mindanao.
The Bukidnon Agro-Resources Export Zone covers an aggregate area of approximately 461,700 square meters or about 46.17 hectares.
The Bukidnon Agro-Resources Export Zone was created under Republic Act No. 7916, as amended by Republic Act No. 8748.
It is classified as an Agro-Industrial Economic Zone.
The creation of the Bukidnon Agro-Resources Export Zone was recommended by the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The zone is subject to Republic Act No. 7916 as amended, its Implementing Rules and Regulations, PEZA Resolutions No. 07-232 dated May 16, 2007, and No. 07-278 dated July 2, 2007.
The technical description and survey data provide the precise boundaries and location of the zone, ensuring legal clarity on the land designated for the agro-industrial economic zone, preventing disputes or ambiguity.
Yes, the Bukidnon Agro-Resources Export Zone is situated on a parcel of land in the private domain, demonstrating that private lands can be designated as economic zones following due legal process and compliance with the law.