Title
PROCLAMATION NO. 326
Date
Aug 18, 2023
A Special Economic Zone is established in Barangay Arpili, Balamban, Cebu, Philippines, covering approximately 85,541 square meters of land, in accordance with Republic Act No. 7916 and recommended by the Philippine Economic Zone Authority.
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Law Summary

Overview

Proclamation No. 326, issued by President Gloria Macapagal-Arroyo on February 4, 2003, establishes the creation and designation of specific parcels of land in Barangay Arpili, Municipality of Balamban, Province of Cebu as a Special Economic Zone. This designation is in accordance with Republic Act No. 7916, as amended by Republic Act No. 8748.

Legal Basis

  • Republic Act No. 7916: Known as the Special Economic Zone Act of 1995, this law provides the framework for creating special economic zones in the Philippines.
  • Republic Act No. 8748: This act amends RA 7916, allowing for further enhancement and expansion of economic zones.
  • Philippine Economic Zone Authority (PEZA): The Board of Directors’ recommendation is a prerequisite for the proclamation, affirming the need for the establishment of the zone.

Designated Area

  • The designated area encompasses an aggregate total of Eighty-Five Thousand Five Hundred Forty-One (85,541) square meters.
  • Technical Description: The area includes portions of several lot numbers (1732, 1733, 1735, 1742, 1743, 1744, and 1745) within the Balamban Cadastre, delineated by detailed boundary descriptions.

Boundaries and Land Description

  • The land is bounded by various lots and provincial roads, with specific directional measurements provided for determining the exact boundaries.
  • The technical description includes precise coordinates and boundary points, verified by a survey conducted by Geodetic Engineer Francisco A. Enriquez.

Execution and Affidavit

  • The proclamation is signed by President Gloria Macapagal-Arroyo and countersigned by Executive Secretary Alberto G. Romulo.
  • The document is authenticated with the seal of the Republic of the Philippines.

Key Definitions

  • Special Economic Zone: A designated area with specific economic regulations that differ from other areas in the country, intended to attract foreign and domestic investments.
  • Board of Directors of PEZA: The governing body responsible for the oversight and recommendations regarding economic zones.

Important Requirements

  • The proclamation is contingent upon adherence to the provisions outlined in the Special Economic Zone Act and its Implementing Rules and Regulations.
  • All parcels of land must comply with the technical descriptions provided in the proclamation.

Cross-References

  • Resolution No. 96-406: A reference to a prior resolution of the PEZA Board of Directors relevant to the establishment of economic zones.

Key Takeaways

  • Proclamation No. 326 designates land in Barangay Arpili, Balamban, Cebu, as a Special Economic Zone, promoting economic growth.
  • It is grounded in established legal frameworks provided by Republic Acts 7916 and 8748.
  • Detailed technical descriptions and boundaries ensure precise identification of the designated area.
  • The proclamation reflects a governmental strategy to enhance investment opportunities through the establishment of special economic zones.

This summary captures the essential elements of Proclamation No. 326 for a clear understanding of its legal implications and operational framework.


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