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The Cagayan Economic Zone Authority (CEZA) is mandated (RA 7922) to supervise and manage the development of the Cagayan Special Economic Zone and Freeport (Cagayan Freeport) into a self-sustaining industrial, commercial, financial, and tourism / recreational center and Freeport with suitable retirement / residential areas, in order to create employment opportunities in and around the Cagayan Freeport, and to effectively encourage and attract legitimate and productive local and foreign investments. The Cagayan Freeport was established through Republic Act No. 7922, otherwise known as the Cagayan Economic Zone Act of 1995. From 1997 up to the present, CEZA continues to initiate several projects to promote development in the Cagayan Freeport. |