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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 572 - CREATING
AN OVERSEAS BUYING AND TRADING AGENCY
WHEREAS,
P.D. 1297, as amended by P.D. 1593, has centralized the importation of
Cattle and Meat with the government;
WHEREAS, in the light of the continuing increase in the price of oil
and the inevitable economic repercussions it will produce in the prices
of locally produced commodities, particularly food stuffs, there is an
imperative need for the government to institute measures that will
moderate and stabilize the prices of these basic commodities;
WHEREAS, to further strengthen the effective implementation of P.D.
1297, as amended by P.D. 1593, and insure the attainment of the
objectives underscored in these Decrees, it has become necessary for
the government to participate more closely and actively with the
sources of supply of raw materials for the local production of basic
commodities;
WHEREAS, prices of basic commodities are heavily and inevitably
influenced by the cost of their raw materials/components;
WHEREAS, to protect the livestock and meat industry from an erratic
market condition, the consequent disadvantages of unpredictable
fluctuating prices and to assure domestic consumers and end-users of
stable quality and reasonable prices of livestock and meat products, a
centralized government controlled Buying and Trading Agency has become
necessary;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by Presidential Decree 1416, do
hereby order:
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
(1)
(2)
Sec. 5.
Sec. 6.
DONE IN THE CITY OF MANILA,
this 6th day of December, in the year of Our Lord, Nineteen Hundred and
Seventy-Nine.
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