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Economy of Mactan Island

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Apart from the airport, today the island is known for its industrial factories, which are some of the most successful industrial ventures in the Philippines. Many of them are located at the Mactan Export Processing Zone (MEPZ), an industrial tax-free zone opened in 1979 that includes over 35 business ventures, about 50 percent of which are Japanese-owned.

Also important to the island is its high-class tourism industry and the production of furniture, as well as guitars, ukuleles and other musical instruments

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