PEZA Registers Biggest Economic Zone in the Philippines in Quezon Province (2024)

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PEZA Registers Biggest Economic Zone in the Philippines in Quezon Province? ›

The Philippine Economic Zone Authority (PEZA) said that it has approved the registration for the PHP 125-billion (USD 2 . 4 billion) Quezon Techno-Industrial Special Economic Zone (QTISEZ) project, which will be the largest economic zone in the country.

Strategic Location and Proximity to Metro Manila

Quezon Province boasts a strategic location that makes it an ideal investment destination. Located just a few hours away from the bustling capital, Metro Manila, the province is within easy reach for both local and international investors.

How many free trade zones are there in the Philippines? According to the Philippines' Economic Zone Authority (PEZA), there are over 400 Special Economic Zones (also called the Free Trade Zones) currently operational throughout the country.

The Philippine Economic Zone Authority (Peza) has registered the largest economic zone in the country, a P125-billion project in Mauban, Quezon. Called the Quezon Techno-Industrial Special Economic Zone (QTISEZ), the project will span more than 1,800 hectares and will be able to house up to 2,000 factories.

The exclusive economic zone of the Philippines (Philippine EEZ) mandated by UNCLOS consists of four subzones. It covers 2,263,816 square kilometers (874,064 sq mi) of sea. The Philippines has 7,641 islands comprising the Philippine archipelago.

4 billion) Quezon Techno-Industrial Special Economic Zone (QTISEZ) project, which will be the largest economic zone in the country. Local firm Achievement Realty Corp. (ARC) will be developing the 1,836-hectare QTISEZ located in Barangays Rosario and San Jose in the town of Mauban in Quezon province.

Agriculture, fishery, and tourism industry are the three major economic drivers of the area.

Philippine Economic Zone Authority (PEZA) promotes the establishment of economic zones in the Philippines for foreign investments.

Philippine Economic Zone Authority (PEZA), formerly known as Export Processing Zone Authority (EPZA), is a government agency in the Philippines attached to the Department of Trade and Industry created to help promote investments in the export-oriented manufacturing industry into the country by assisting investors in ...

The major industries of the Philippines include manufacturing and agribusiness. Within manufacturing, mining and mineral processing, pharmaceuticals, shipbuilding, electronics, and semiconductors are the focus areas. The Philippines is one of the most attractive pharmaceutical markets in the Asia-Pacific region.

What is Quezon Province known for food? ›

Pizza, Longganisa Lucban, Grilled Chicken, Spaghetti, Sisig, Kare-Kare, Hardinera, Halo-Halo, and Pancit Habhab from Buddy's. Photo by SinoPinas courtesy of the Department of Tourism. Being welcoming and generous is a distinct trait of people from Quezon.

Lucban is dubbed as the Summer Capital, Art Capital, Dance Capital, Tourist Capital, and Rice Capital of Quezon province.

An ECOZONE may contain any or all of the following: Industrial Estates (IEs), Export Processing Zones (EPZs), Free Trade Zones, and Tourist/Recreational Centers.

Tensions between China and the Philippines have sharply escalated in recent months over territorial disputes in the South China Sea that could draw in the United States.

The Exclusive Economic Zone: What It Is

The EEZ differs from territorial waters in two respects. First, the jurisdiction of the coastal state within the EEZ only pertains to natural resources (fish, offshore oil, and gas), while the coastal state has full jurisdiction within its territorial sea.

Quezon Province is renowned as the Coconut Capital of the Country due to its impressive coconut production. The region is home to abundant coconut, which is utilized in various ways. One of the most popular products that originated from Quezon Province is lambanog, a local wine made by fermenting coconut sap.

The province is said to be characterized by a rugged terrain with patches of plains, valleys and swamps. The major islands of Quezon are Alabat Island and Polillo Islands. Mount Banahaw, an active volcano, is the highest peak at 2,169 meters (7,116 ft).

Quezon Province is perfect for starting families because of its culture, people, and laid-back lifestyle.

Quezon City is a great place for small businesses because it is the largest city in Metro Manila, which means that there is a large and diverse customer base to tap into.