Purposes and Objectives; Establishment and Nature of Special Economic Zones; Coordination with Other Similar Schemes
SECTION 1. Title. — This Act shall be known and cited as “The Special Economic Zone Act of 1995.”
SECTION 2. Declaration of Policy. — It is the declared policy of the government to translate into practical realities the following State policies and mandates in the 1987 Constitution, namely:
(a) “The State recognizes the indispensable role of the private sector, encourages private enterprise, and provides incentives to needed investments.” (Sec. 20, Art. II)
(b) “The State...
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