The Special Economic Zone Act of 1995 was passed, paving the way for the creation of special economic zones in Cagayan, Zamboanga City and the Calabarzon area where foreign investors were given full freedom to operate.
* Special Economic Zone Act ng 1995 na nagbigay-daan sa pagtatayo ng mga special economic zone tulad ng sa Cagayan, Zamboanga City at Calabarzon kung saan nabigyan ng buong laya ang operasyon ng mga dayuhang mamumuhunan.