21/09/2022
AN ACT ESTABLISHING ILIGAN SPECIAL ECONOMIC ZONE IN THE AREA OCCUPIED AND UTILIZED BY THEN NATIONAL STEEL CORPORATION LOCATED AT BARANGAY SUAREZ, ILIGAN CITY, LANAO DEL NORTE, CREATING FOR THIS PURPOSE THE ILIGAN SPECIAL ECONOMIC ZONE AUTHORITY (ISEZA), AND APPROPRIATING FUNDS THEREFOR
Congressman Celso Gomera Regencia files this bill, seeking to establish a special economic zone in the area occupied and utilized by then National Steel Corporation located at Barangay Suarez, Iligan City, Lanao del Norte, pursuant to general policies and guidelines set forth under Republic Act 7916 otherwise known as Economic Zone Act of 1995.
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READ | Wednesday, 21 September 2022
AN ACT ESTABLISHING ILIGAN SPECIAL ECONOMIC ZONE IN THE AREA OCCUPIED AND UTILIZED BY THEN NATIONAL STEEL CORPORATION LOCATED AT BARANGAY SUAREZ, ILIGAN CITY, LANAO DEL NORTE, CREATING FOR THIS PURPOSE THE ILIGAN SPECIAL ECONOMIC ZONE AUTHORITY (ISEZA), AND APPROPRIATING FUNDS THEREFOR
Congressman Celso Gomera Regencia files this bill, seeking to establish a special economic zone in the area occupied and utilized by then National Steel Corporation located at Barangay Suarez, Iligan City, Lanao del Norte, pursuant to general policies and guidelines set forth under Republic Act 7916 otherwise known as Economic Zone Act of 1995.
Section 1, Article XII, 1987 Constitution provides that the goals of the national economy points to equitable distribution of opportunities, income as well as wealth, and in the pursuit of these goals, all sectors of the economy and all regions of the country shall be given optimum opportunity to develop, and pursuant to this declaration, RA 7916 otherwise known as Economic Zone Act of 1995 was enacted to encourage economic growth via special economic zones; development of investor-friendly atmosphere.
The establishment of a special economic zone will enhance and improve the economic conditions of Iligan City and nearby provinces translating to sustainable development.
In line with policy of the government promoting equitable industrial, social and economic development, the establishment of Iligan Special Economic Zone is respectfully recommended.
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