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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 974 - FURTHER
AMENDING EXECUTIVE ORDER NO. 920, SERIES OF 1983 ENTITLED “LEVYING AN
EXPORT DUTY ON CERTAIN EXPORT PRODUCTS IN ADDITION TO THE EXPORT DUTIES
PROVIDED FOR UNDER PD NO. 1464, AS AMENDED, ON OTHER EXPORT PRODUCTS”
WHEREAS, Executive Order No. 920, Series of
1983, was promulgated as a stabilization measure to redistribute gains
in the export sector generated by the adjustment in the exchange rate
of the peso; lex
WHEREAS, the competitive position of Philippine shrimp industry, a new
but struggling export industry, has been adversely affected by such
export duty;
WHEREAS, in view thereof, there is an urgent need to temporarily
alleviate the plight of Philippine shrimp exporters and thereby enhance
the viability and sustain Philippine shrimp exports in the world market;
NOW, THEREFORE, I , FERDINAND E. MARCOS, President of the Philippines,
pursuant to the powers vested in me by the Constitution and the
authority vested in me by Sec. 514 of Presidential Decree No. 1464,
as amended, do hereby direct and order that imposition of export duty
on shrimp, as provided in Executive Order No. 920, Series of 1983, as
amended, is hereby temporarily suspended.
This Executive Order shall take effect immediately.
Done in the City of Manila this
24th day of July, in the year of Our Lord, nineteen hundred and
eighty-four.
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