Baguio City Economic Zone Explained

Baguio City Economic Zone is a manufacturing special economic zone (MSEZ) located in the city of Baguio in the Cordillera Administrative Region. It is operated by the Philippine Economic Zone Authority (PEZA), an agency in charge of developing and operating special economic zones in the Philippines.[1] It has a total area of 1162497m2[2] and 31 locators as of February 2024.[3] As of 2021, the zone's biggest exports were radio, television and communication equipment; and transport equipment.[4]

The zone was established in 1979 as the Baguio Export Processing Zone by President Ferdinand Marcos through Proclamation No. 1825. It initially had an area of 530616m2.[5] Its first and prime locator is the American semiconductor manufacturer Texas Instruments.[6] [7] In 2006, the plant accounted for 40% of the company's global sales and employed 2,200 people in Baguio.[8]

In 2007, PEZA and the Bases Conversion and Development Authority through its subsidiary, John Hay Management Corporation, signed a 25-year lease agreement wherein the former would develop a 65253m2 area of Camp John Hay owned by the latter.[9] By 2010, 4.8 hectares of that were leased to Moog Controls Corporation.[10]

In 2008, President Gloria Macapagal Arroyo signed Proclamation No. 1561 which expanded the zone to include a 48270m2 portion of Camp John Hay.[11]

As of 2022, there are plants to install a 10-megawatt solar facility within the economic zone.[12]

See also

References

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Notes and References

  1. Book: Daly . Patrick . Feener . R. Michael . Rebuilding Asia Following Natural Disasters: Approaches to Reconstruction in the Asia-Pacific Region . 6 April 2016 . Cambridge University Press . 978-1-107-07357-9 . 66 . 26 February 2024 . en.
  2. Web site: List of PEZA Economic Zones (as of April 30, 2023) . https://web.archive.org/web/20240415051820/https://www.peza.gov.ph/sites/default/files/list_of_proclaimed_econominc_zones.xls . 15 April 2024 . Philippine Economic Zone Authority.
  3. Web site: 23 February 2024 . List of PEZA Firms . Philippine Economic Zone Authority.
  4. Web site: Cordillera 2021 Annual Regional Economic Situationer . National Economic and Development Authority CAR Regional Office.
  5. https://www.officialgazette.gov.ph/1979/02/27/proclamation-no-1825-s-1979/ Proclamation No. 1825, s. 1979. Reserving For Export Processing Zone Purposes A Certain Parcel Of Land Of The Public Domain Situated In The City Of Baguio, Island Of Luzon
  6. Web site: Cabreza . Vincent . 2020-03-09 . Economic zone expansion to boost BLISTT . 2024-04-15 . INQUIRER.net . en.
  7. Web site: Ferriols . Des . Ecozone exports up 19% to $14.4 B in 1st 8 mos . 2024-04-15 . Philstar.com.
  8. Web site: Go . Marianne V. . Texas Instruments eyes new factory in Subic freeport . 2024-04-15 . Philstar.com.
  9. Web site: Go . Marianne V. . BCDA, PEZA ink deal for BCEZ expansion . 2024-04-15 . Philstar.com.
  10. Web site: Osorio . Ma Elisa . 6 BPO firms to expand operations in Baguio . 2024-04-15 . Philstar.com.
  11. https://www.officialgazette.gov.ph/2008/07/21/proclamation-no-1561-s-2008/ Proclamation No. 1561, s. 2008. Creating and designating a parcel of land situated within the Camp John Hay Military Reservation, Barangay Kadaclan, Baguio City as an inclusion to the existing Baguio City Economic Zone pursuant to the provisions of Republic Act No. 7916 as amended by Republic Act No. 8748
  12. News: Monzon . Alden M. . 30 September 2022 . Peza to harness solar energy for ecozones . 26 February 2024 . INQUIRER.net . en.

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