HB06525: AN ACT ESTABLISHING A SPECIAL DEFENSE ECONOMIC ZONE (SpeDEZ) INSIDE THE GOVERNMENT ARSENAL DEFENSE INDUSTRIAL ESTATE LOCATED IN CAMP GEN. ANTONIO LUNA, LAMAO, MUNICIPALITY OF LIMAY, PROVINCE OF BATAAN, CREATING FOR THIS PURPOSE THE SPECIAL DEFENSE ECONOMI
This bill establishes a Special Defense Economic Zone (SpeDEZ) within Camp General Antonio Luna in Bataan, specializing in defense, military, and law enforcement industries. The SpeDEZ will be managed and operated by the Special Defense Economic Zone Authority (SpeDEZA), which will have the power to attract investments, manage the economic zone, and ensure its compliance with national security policies.
The SpeDEZ offers several incentives to attract legitimate and productive investments, including tax and duty-free admissions of raw materials, capital, and equipment. It also provides for the necessary infrastructure and support services to facilitate business operations within the zone. By promoting investments in the defense and security industry, the SpeDEZ aims to foster economic growth, enhance national security, and improve the quality of life in the region.