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PHILIPPINE LAWS, STATUTES & CODES
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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 354 -
SUSPENDING THE IMPLEMENTATION OF CERTAIN SECTIONS OF EXECUTIVE ORDER
NO. 782, SERIES OF 1982
WHEREAS,
consistent with the government’s policy to promote a viable Commercial
Vehicle Development Program (CVDP), the importation of certain types of
completely built-up used commercial vehicles has been regulated under
Executive Order No. 782, series of 1982;
WHEREAS, Sec. 5.3 of the Guidelines for the CVDP approved per
Memorandum Order No. 157 prohibits the importation of completely
built-up commercial vehicles up to eighteen (18) tons, whether new or
used;
WHEREAS, local assemblers under the CVDP could not serve all the urgent
requirements of the riding public for passenger buses and the tourists
for tourist vehicles;
WHEREAS, the Diesel Engine Manufacturing Program is now suspended and
there is a need to deregulate importation of diesel engines;
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by
virtue of the powers vested in me by law, do hereby order:
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
DONE in the City of Manila,
this 29th day of March, in the year of Our Lord, nineteen hundred and
eighty-nine.
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