Harman Patil

Cavite Economic Zone

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The Cavite Economic Zone or Cavite Export Processing Zone (CEPZ) comprises 275 hectares of land encompassing the town of Rosario and the city of General Trias in the province of Cavite. It is located 30 km south of Manila. CEPZ was developed in 5 Phases.

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Creation

The Cavite Export Processing Zone was created by virtue of Presidential Proclamation Nos. 1980 and 2017 issued on May 30 and September 19, 1980 respectively. It later evolved into the Cavite Economic Zone when former Philippine President Fidel V. Ramos signed into law the Special Economic Zone Act of 1995 on February 24, 1995.

Under the Special Economic Zone Act enacted in 1995, the Export Processing Zone Authority (EPZA) was abolished to form a better organization and the Philippine Economic Zone Authority (PEZA) was established to assume jurisdiction over all Special Economic Zones. After that, the Cavite Export Processing Zone (CEPZ) came to be called the Cavite Economic Zone (CEZ).

As of December 31, 2012, there are 382 actively operating companies in CEPZ.

Expansion

In the last few years, development has been ongoing on the Gen. Trias side of the Cavite Export Processing Zone, which has now become the Cavite Export Processing Zone II. It is a 51.47 hectare Special Economic Zone located at Bacao II, Gen. Trias, Cavite, developed and operated by Majestic Technical Skills Development and Landscape Corporation.

References

Cavite Economic Zone Wikipedia


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