New special economic zone established in Tarlac City, Philippines

A new special economic zone (SEZ) has been established in Tarlac City, Philippines. The area, called "TARI Estate," covers two million square meters and was designated through Proclamation No. 701. The Philippine Economic Zone Authority recommended the designation, which allows the SEZ to operate independently. This area meets criteria such as strategic location and existing infrastructure. SEZs are intended for various developments, including industrial and commercial centers, and offer businesses incentives to operate within them.