Pursuant to the powers vested in me under Republic Act No. 7916, otherwise known as the "Special Economic Zone Act of 1995" as amended by Republic Act No. 8748 and upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA), I, GLORIA MACAPAGAL-ARROYO, President of the Republic of the Philippines, by virtue of the powers vested in me by law, do hereby create and designate as Special Economic Zone, with components of industrial estate, export processing zone, agro-industrial estate, tourism and recreational, free trade zone and information technology park, subject to the provisions of Republic Act No. 7916, as amended, its implementing Rules, and Regulations, and Resolution No. 06-205 dated 11 May 2006 of the PEZA Board of Directors, the area covered by Poro Point Special Economic and Freeport Zone situated in San Fernando City, La Union, which was created and designated under Presidential Proclamation No. 216, dated 27 July 1993, of former President Fidel V. Ramos, which is pertinently quoted hereunder, to wit:

"Pursuant to the powers vested in me by law and the resolutions of concurrence of the local Government units directly affected, I FIDEL V. RAMOS, President of the Republic of the Philippines, hereby create and designate the area covered by the Wallace Bases Agreement between the Philippines and the United States of America, as amended, and the other contiguous lands located within the territorial jurisdiction of the Municipality of San Fernando, Province of La Union, as Poro Point Special Economic and Freeport Zone (Poro Point),

"Section 1. Creation of Poro Point Special Economic and Freeport Zone. Poro Point shall cover the land and bay areas which include the Wallace Air Station, the San Fernando Airport, Seaport, Barangays Poro and San Vicente and portions of Barangays San Agustin, San Francisco, and Canaoay of the Municipality of San Fernando, Province of La Union, consisting of eight hundred (800) hectares, more or less, subject to actual survey and verification by the Department of Environment and Natural Resources (DENR). Areas that will be reclaimed from the adjoining shores of Poro Point shall also be included in the Poro Point Special Economic and Freeport Zone.

IN WITNESS THEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed hereto.

Done in the City of Manila, this 7 th day of December in the year of Our Lord, two thousand and six.

By the President:

(Sgd.) EDUARDO R. ERMITA
Executive Secretary