It is the first economic zone in the Philippines to offer to host of financial technology companies in the emerging fintech industry with the issuance of the first batch of FTSOVC certificates to three locators.

It is envisioned to be a self-sustaining industrial, commercial, financial, tourism, and recreational center, in order to effectively encourage and attract legitimate and productive local and foreign investments and eventually create employment opportunities and increase income and productivity in the rural areas around Freeport Zone.

CEZA is headed by Secretary Katrina Ponce Enrile as Administrator and Chief Executive Officer.

Ana, including the Islands of Fuga, Barit, and Mabbag in the Municipality of Aparri in the Province of Cagayan.

It is surrounded by the waters of Babuyan Channel and the South China Sea on the North and the Pacific Ocean in the east.