EXECUTIVE ORDER NO. 992
EXECUTIVE ORDER NO. 992 -
PHILIPPINE EXPORTERS FOUNDATION
WHEREAS, there is a need to intensify
export promotion, particularly non-traditional exports, to generate
foreign exchange for the country;
WHEREAS, the private sector should be mobilized to promote, develop and
diversify export products and services, improve the quality of our
exports, provide by itself or through other persons training skills as
may be necessary or desirable to achieve these objectives;
WHEREAS, the government should assist in the creation of the Philippine
Exporters Foundation which will be a non-stock, non-profit organization
established to strengthen the national effort for the development and
expansion of Philippine exports, particularly of non-traditional export
products;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution and
Presidential Decree No. 1416, as amended, do hereby order and ordain:
Section 1. In order to promote the development,
diversification and balanced growth of the export industry,
particularly non-traditional exports, the government shall initiate, in
coordination with the private sector, the formation of the Philippine
Exporters Foundation which shall be a non-stock corporation duly
registered with the Securities and Exchange Commission.
Sec. 2. The objectives of the Foundation shall be:
a.
Maintain a continuous communication for the development of
non-traditional exports between the Foundation and the government;
b. Reinforce
the institutional linkages among government agencies in providing
quality and efficient assistance to members;
c. Organize,
plan and implement programs and projects on non-traditional exports,
necessary for the general welfare of its beneficiaries;
d. Provide an
avenue for the arbitration/resolution of issues and problems that
commonly affect exporters of non-traditional export products and
services; and
e. Generate,
maintain and use the Foundation’s resources for the development and
expansion of the export sector, particularly non-traditional export
industry.
Sec. 3. The Foundation shall have a Board of
Trustees of at least twenty-one (21), seven (7) of which shall be
Deputy Ministers from the Ministries of Trade and Industry, Finance,
Agriculture, Natural Resources. Transportation and Communications, and
senior officials of equivalent rank of the Central Bank and the Board
of Investments, and fourteen (14) shall come from the private sector.
Such Board of Trustees shall formulate its own programs and
implementing rules and regulations.
Sec. 4. All relevant government agencies shall
give their assistance to the Foundation in order to attain the
objectives of the Foundation above stated.
Sec. 5. The Ministry of Trade and Industry shall
provide the secretariat for the Foundation and the seed money of P1
million from the foreign assisted project of the Ministry. It may also
provide office space for the Foundation.
Sec. 6. In line with Batas Pambansa 45, the
Foundation shall be exempt from all taxes, license, fees, duties,
whether direct or indirect, imposed by the National and Local
Governments, incidental to its operation. All donations/gifts/grants to
the Foundation shall be deductible in full from the income of the
donor.
Sec. 7. The Ministry of Trade and Industry shall
determine the private sector representatives and shall set the
requirements of export performance of exporters of non-traditional
products and services who can qualify for membership in the Foundation.
Sec. 8. All previous orders inconsistent herewith
are hereby repealed or modified accordingly.
Sec. 9. This Order shall take effect upon its
approval.
Done in the City of Manila,
this 18th day of October, in the year of Our Lord, nineteen hundred and
eighty-four.