The Philippine Economic Zone Authority (PEZA) is a government agency in the Philippines responsible for promoting and facilitating investments in special economic zones. These zones are designated areas where businesses can operate with various incentives, such as tax breaks and simplified regulations, to encourage foreign and local investments. PEZA aims to boost the country's economic growth by attracting industries like manufacturing, information technology, and logistics. By providing a conducive environment for businesses, PEZA helps create jobs and enhance the overall competitiveness of the Philippine economy in the global market.