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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 931 - PLACING
THE ASIAN EXCHANGE CENTER, INC. INCLUDING ITS BRANCH OFFICE IN TAIPEI,
TAIWAN, REPUBLIC OF CHINA, UNDER THE OFFICE OF THE PRESIDENT
WHEREAS, the Asian Exchange Center, Inc. is
a private corporation organized under government auspices in accordance
with the laws of the Republic of the Philippines to promote friendly
cooperation with the Republic of China on Taiwan mainly in the fields
of economic, trade, culture and scientific endeavor, following the
severance of diplomatic relations between our two countries.
WHEREAS, the operations and activities of the Asian Exchange Center,
Inc. are governed by its Articles of Incorporation and By-Laws and by
pertinent resolutions of its Board of Directors;
WHEREAS, the Ministry of Foreign Affairs of the Philippines has
exercised close supervision over the operations and activities of the
Asian Exchange Center, Inc., including its branch office in Taipei,
Taiwan, Republic of China;
WHEREAS, such close supervision might gradually expand to such an
extent that the operations and activities of the Center will completely
be under the jurisdiction and control of the Ministry of Foreign
Affairs;
WHEREAS, to all intents and purposes, the Asian Exchange Center in
Taiwan is now a dependent office of the Ministry of Foreign Affairs and
regarded as a Class I foreign service post thereof, subject to the
rules and regulations of the said Ministry applicable to all diplomatic
posts and foreign service units of the Philippines the world over;
WHEREAS, the function entrusted to the Asian Exchange Center, Inc. of
fostering friendly relations with the Republic of China short of
diplomatic dealings is a delicate and precarious responsibility owing
to our commitment to the People’s Republic of China to avoid official
contracts with the ruling government on Taiwan which is the Government
of the Republic of China;
WHEREAS, the special status of the Asian Exchange Center in Taipei of
having unofficial dealings with a country with which we have no
diplomatic relations should make it a separate and distinct entity from
the regular official diplomatic posts of the Philippines under the
Ministry of Foreign Affairs;
WHEREAS, the Asian Exchange Center, Inc. not only performs in Taiwan
consular and trade functions but more importantly is mandated to
attract Taiwanese investments to strengthen the economy of the
Philippines;
WHEREAS, it is desirable that the Asian Exchange Center be place under
the Office of the President of the Philippines in order that it may
operate with more flexibility to attain its objectives;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
order that the Asian Exchange Center, Inc., including its branch office
in Taipei, Taiwan, Republic of China, be placed under the Office of the
President of the Philippines.
This Order shall take effect immediately.
Done in the City of Manila,
this 16th day of January, in the year of Our Lord, nineteen hundred and
eighty-four.
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