Law Summary
Geographic and Technical Description of the Land Parcel
- Located in Canlubang, Calamba City, Laguna.
- Lot 3, Pcs-04-010975, covered by TCT No. T-163820.
- Area: Approximately 101,145 square meters.
- Described through defined boundaries involving adjoining road lots and specific bearings and distances.
- Survey markers on the ground confirm the technical measurements; survey dates noted include original survey (1919-1922) and subdivision survey (1995).
Legal Effect of Designation
- The parcel is included in the pre-existing Carmelray Industrial Park I-Special Economic Zone.
- The designation subjects the parcel to the provisions, implementing rules, and regulations of RA 7916, as amended.
- This inclusion expands the economic zone’s land area, potentially enhancing industrial development and special economic incentives.
Formalization and Execution
- The proclamation was executed and signed by the President of the Philippines and the Executive Secretary.
- The official seal of the Republic of the Philippines was affixed, giving it full force and legal effect.
- The date of effectivity of the proclamation is December 11, 2013, in Manila.
Implications for Philippine Economic Zones
- Reinforces the regulatory framework for expanding industrial parks within special economic zones.
- Facilitates growth in investment, export, and manufacturing activities under PEZA administration.
- Aligns with national policies promoting economic zones as engines of economic growth and employment generation.