30 Questions
What is an ECOZONE according to the text?
A designated area within a country with preferential tax treatment and lenient immigration laws
Which of the following is one of the initially identified areas for ECOZONES?
The Province of Bataan
What is the tax treatment for enterprises within an ECOZONE?
Preferential tax treatment
What is the movement of imported goods from an ECOZONE to a non-free-trade area in the country subject to?
Import duties
Which of the following is NOT one of the initially identified areas for ECOZONES?
The Province of Bulacan
What are the criteria for an area to be established as an ECOZONE?
Availability of water source and electric power supply
What is the purpose of developing the ECOZONE as a decentralized community?
To minimize government intervention
What is the role of the PEZA in the development of an ECOZONE?
To formulate indicators of substantial degree of development
What entities can establish mutually beneficial economic relations with an ECOZONE?
Foreign entities or enterprises
What types of companies can set up enterprises in the ECOZONE?
Companies owned by non-Filipinos in any proportion
According to the Special Economic Zone Act of 1995, what is the declared policy of the government regarding private enterprise?
To recognize the indispensable role of the private sector
What is the main objective of establishing special economic zones in the Philippines?
To provide jobs to the people especially those in the urban areas
What is the primary purpose of the Special Economic Zone Act of 1995?
To accelerate a sound and balanced industrial, economic and social development of the country
What does the State promote according to the 1987 Constitution, as stated in the Special Economic Zone Act of 1995?
The preferential use of Filipino labor, domestic materials and locally produced goods
What measures will the government undertake to achieve the objectives of the Special Economic Zone Act of 1995?
Measures that shall effectively attract legitimate and productive foreign investments
Under what conditions may the ECOZONE through the PEZA require a minimum investment for any ECOZONE enterprise?
Only if the enterprise is not under the priorities, thrusts and limits provided for in the Act
Who is responsible for the defense of the ECOZONE and the security of its perimeter fence?
The national government
What is the required minimum initial investment for an investor within the ECOZONE to be granted permanent resident status within the ECOZONE?
$150,000
Who is authorized to issue certificates of origin for products manufactured or processed in each ECOZONE?
The PEZA
Who may be granted working visas renewable every two (2) years within the ECOZONE?
Foreign executives and other aliens possessing highly-technical skills which no Filipino within the ECOZONE possesses
Which type of economic zone is physically and/or administratively located outside customs territory and predominantly oriented to export production?
Export processing zone
What is the purpose of the Special Economic Zones Act?
To establish the legal framework and mechanisms for the integration, coordination, planning and monitoring of special economic zones only
What is the definition of an industrial estate according to the Special Economic Zones Act?
A tract of land subdivided and developed according to a comprehensive plan under a unified continuous management and with provisions for basic infrastructure and utilities
What is the main objective of the Special Economic Zones Act with regards to investors?
To promote the flow of investors, both foreign and local, into special economic zones which would generate employment opportunities and establish backward and forward linkages among industries in and around the economic zones
What is a free trade zone according to the Special Economic Zones Act?
An isolated policed area adjacent to a port of entry and/or airport where imported goods may be stored, repacked, sorted, mixed, or otherwise manipulated without being subject to import duties
Under what criteria can other areas be established as ECOZONES?
The proposed area must be identified as a regional growth center in the Medium-Term Philippine Development Plan or by the Regional Development Council
Which government agency is responsible for recommending the delineation and description of the metes and bounds of each ECOZONE?
Philippine Economic Zone Authority (PEZA)
Which of the following is NOT one of the areas identified in Section 5 of the Act that shall be developed as ECOZONES?
Province of Ilocos Norte
What are the three schemes through which the identified areas in Section 5 of the Act shall be developed as ECOZONES?
Private initiative, local government initiative with the assistance of the national government, and national government initiative
What is the name of the government agency responsible for evaluating and recommending other areas to be established as ECOZONES?
Philippine Economic Zone Authority (PEZA)
"Can You Identify the Philippine Territories Mentioned in Presidential Proclamation No. 469?" Test your knowledge on the specific territories mentioned in the proclamation, including parts of Zambales, Palawan, General Santos City, Dumaguete City, and Negros Oriental. See if you can identify them all in this quiz!
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