Philippines’s Arroyo signs EO providing incentives to new Clark Zone locators

MANILA — In a move to further promote the Clark Freeport Zone (CFZ) as an economic haven in the Asia � Pacific region, President Gloria Macapagal-Arroyo has issued an executive order granting tax and duty incentives to “duly registered business enterprises that will operate in special economic zones to be created by proclamation inside the CFZ.”
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