The Philippine Economic Zone Authority (PEZA) was created and established pursuant to Republic Act No. 7916 dated February 24, 1995 otherwise known as “The Special Economic Zone Act of 1995” (as amended by Republic Act No. 8748).
Under the Special Economic Zone Act, the Export Processing Zone Authority (EPZA) was abolished to form a better organization, hence, the formulation of the Philippine Economic Zone Authority (PEZA). PEZA was established to assume jurisdiction over all Special Economic Zones. Since then, PEZA took over the function of the former Export Processing Zone Authority (EPZA).
PEZA is a government investment promotion agency attached to the Department of Trade and Industry (DTI). The agency is tasked to promote investments, extend assistance, register, grant incentives to, and facilitate the business operations of investors in PEZA Special Economic Zones. It oversees and administers incentives to developers/operators of and locators in world-class, ready-to-occupy, environment-friendly, secured and competitively priced Special Economic Zones.
The agency envisions to be a major player in providing a globally competitive environment in generating investments, exports and employment in the Philippines. Furthermore, its mission is to provide a globally competitive environment to investors through: effective management of economic zones; efficient administration of incentives; utmost delivery of services; focused investment promotions, and proactive developmental activities.
PHILIPPINE ECONOMIC ZONE AUTHORITY