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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 989 - FURTHER
STRENGTHENING THE EXPORT PROMOTION PROGRAM THROUGH THE
INSTITUTIONALIZATION OF PHILIPPINE TRADE EXHIBITION CENTER
WHEREAS, primary considerations in the
development of the Philippine economy are the upgrading of the quality
and increasing domestic and international trade in Philippine
manufactured products; and
WHEREAS, the Ministry of Trade and Industry is implementing programs
for the improvement of the quality of locally manufactured products
through raw material sourcing, technical assistance rendered by product
specialist consultancies, marketing research, as well as generating
foreign exchange income by increasing trade locally made goods in both
domestic and international markets; and
WHEREAS, the National Food Authority presently operates the Philippine
Trade Exhibits, with facilities especially equipped for the holding of
trade exhibitions for Philippine manufactured goods; and
WHEREAS, the close coordination of the activities of the Ministry of
Trade and Industry and the National Food Authority in projects designed
for research, development and marketing of locally manufactured goods,
especially in the exhibition of these products to the general public is
best attained through the institutionalization of Philippine trade
exhibits; and
WHEREAS, the Development Bank of the Philippines, Central Bank, Land
Bank, Philippines National Bank and the Government Service Insurance
System have provided valuable contributions to the Philippine Trade
Exhibits, the programs implemented for the development or trade in
locally manufactured products; and
WHEREAS, the Center for International Trade Expositions and Missions
Inc., an agency of the Ministry of Trade and Industries is changed with
the implementation of the Ministry’s programs above-described, more
specifically by conducting domestic and international trade expositions
selling missions, market encounters and similar such activities and
that said corporation has specially qualified personnel for the
implementation for such projects; and
WHEREAS, the use of the corporate vehicle is an efficient and effective
mode for the implementation of the government’s broad and extensive
policies and projects for the development of locally manufactured goods
and the increase in domestic and international trade thereof; and
WHEREAS, the institutionalization of Philippine Trade Exhibit through
the formation of a corporation dedicated to the implementation of the
foregoing government polices and program will achieve the expeditious
and cost effective implementation of the policies and programs;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of
the Philippines, by virtue of the powers vested in me by the
Constitution, do hereby order and ordain;
Section 1.
Sec. 2.
However, no obligation pertaining to the land-site and facilities
transferred by virtue of this provision shall accrue to or become the
liability of the PHILIPPINE TRADE EXHIBITION CENTER.
The Ministry of Trade and Industry shall provide the initial operating
capital to the PHILIPPINE TRADE EXHIBITION CENTER. For this purpose,
the sum of SIXTEEN MILLION PESOS (P16,000,000.00) from the Garments and
Textile Export Board’s Special Account No. 151 is hereby transferred to
the Center as a reimbursable advance fund construction, facility
improvements and acquisition of equipment and the Budget Minister is
directed to effect is immediate release.
The capitalization of the Center shall be determined by its Board of
Governors.
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Sec. 7. Since 19.07.98.
DONE in the City of Manila this
10th day of October, in the year of Our Lord, nineteen hundred and
eighty-four.
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