What is ZOLIC and under which law was it created?

ZOLIC is the Santo Tomás de Castilla Free Industry and Trade Zone, a decentralized, semi-autonomous state entity created by Congressional Decree 22-73 in 1973, next to the port of Santo Tomás de Castilla in Izabal. It is governed by its Board of Directors, which since the 2008 reform (Decree 30-2008) also authorizes ZDEEPs anywhere in the country. Its legal basis is published at zolicguate.com.