MALACAÑANG
Manila
BY THE PRESIDENT OF THE PHILIPPINES
EXECUTIVE ORDER NO. 619
CREATING AND DESIGNATING SPECIAL ECONOMIC ZONES
PURSUANT TO REPUBLIC ACT NO. 7916, AS AMENDED BY RA 8784, IN RELATION
TO RA 7227, AS AMENDED BY RA 9400, INSIDE THE CLARK FREEPORT ZONE
WHEREAS, the development of Special
Economic Zones (SEZ) designed to promote and accelerate a balanced and
sound economic and social development of the country especially in the
rural areas, is one of the major projects of the present administration;
WHEREAS, last 20 March 2007, RA 9400
was signed into law which categorically grants tax-incentives to Clark
SEZ, Subic Special Economic and Freeport Zone, John Hay SEZ, Poro Point
SEZ, and other SEZ to be created under RA 7227, as amended;
WHEREAS, Section 12 of RA 9400 repealed
Section 50 of RA 7916, thereby recognizing that RA 7916, as amended,
can now be made applicable to some SEZ created pursuant to RA 7227,
as amended;
WHEREAS, the amendments in RA 9400
provides for the applicability of RA 7916, as amended, and the role
of the Philippine Economic Zone Authority (PEZA) with respect to SEZ
that may be created in Bataan, Zambales as well as in John Hay SEZ,
but did not so provide for the applicability of RA 7916, as amended,
in the Subic SEZ, Poro Point Freeport Zone, and the new Clark Freeport
Zone;
WHEREAS, there is a need to make RA
7916, as amended, also applicable to the Clark Freeport Zone in areas
to be specifically designated by the President by way of Proclamation;
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President
of the Philippines, by virtue of the powers vested in me by law, hereby
order:
Section 1. Duly registered business
enterprises that will operate in special economic zones to be created
by proclamation inside the Clark Freeport Zone shall be entitled to
the same tax and duly incentives as provided for under R.A. 7916, as
amended: Provided that for purpose of administering these incentives,
the Philippine Economic Zone Authority shall register, regulate and
supervise all registered enterprises within the said special economic
zones.
Section 2. All laws, decrees, proclamation,
rules and regulations or other issuances or parts thereof inconsistent
with the provisions of this Executive Order are hereby repealed or modified
accordingly.
Section 3. this Executive Order shall
take effect immediately upon its publication in a national newspaper
or general circulation.
Done, in the City of Manila, this
26th day of April, in the year of Our Lord Two Thousand and Seven.
(Sgd.) GLORIA MACAPAGAL-ARROYO
By the President:
(Sgd.) EDUARDO R. ERMITA
Executive Secretary
