A House Committee on Economic Affairs vice chairperson has filed the proposed WASEZA to bring in more investment and employment opportunities in the region and contribute to the nation’s economic recovery and development.
AHOUSE Committee on Economic Affairs vice chairperson has filed the proposed West Aklan Special Economic Zone Act to bring in more investment and employment opportunities in the region and contribute to the nation’s economic recovery and development.
Haresco has filed House Bill 7032 to establish the WASEZA to promote countryside development through the spread and diversification of economic investments currently centered and contained on a number of economic hotspots towards the less-developed yet potentially-capable areas of West Aklan.The legislator said establishing a special ecozone in a premier and strategic location like West Aklan shall complement further and generate more dollar/export earnings for the country.
SEZs or Ecozones in the Philippines are generally enabled by the Special Economic Zones Act of 1995 which provides the legal framework and mechanisms for the integration, coordination, planning and monitoring of special economic zones, industrial estates/parks, export processing zones and other economic zones.
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