EXECUTIVE ORDER NO. 24 - STRENGTHENING THE EXPORT AND INVESTMENT DEVELOPMENT COUNCIL AMENDING FOR THIS PURPOSE EXECUTIVE ORDER NOS. 499 AND 520, TO INCREASE THE GOVERNMENT AND PRIVATE SECTOR MEMBERS OF THE COUNCIL

WHEREAS, the establishment of the Export and Investment Development Council was a clear manifestation of government’s strong resolve to adopt export and investment development as a national policy of the highest priority;  

WHEREAS, there is still a need to catalyze total national commitment to export and investments from all concerned sectors of the society; and

WHEREAS, the prioritization of exports and investments can best be effected and carried out with the investment of the Office of the President and equal private sector representation in all decisions made by the Council;

NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby order;  

Section 1. Section 1 of E.O. 499, as amended, there is hereby further amended to reads as follows:

“Section 1. Composition. — The Export and Investment Development Council shall be composed of the following:

a. Secretary of Trade and
  Industry     — Chairman
b. Secretary of Finance   — Vice Chairman
c. Secretary of Foreign Affairs —  Member
d. Director-General of National 
  Economic and Development
  Authority     — Member
e. Governor of the Central Bank
  of the Philippines     — Member
f. Presidential Assistant for
Visayas    — Member
g. Presidential Assistant for
Mindanao   — Member
h. Seven (7) Representatives of
  the Private Sector — Member

Sec. 2. The Council shall meet at least once a month, and at least once every quarter with the President. Provided, whenever the President deems its necessary, he may convene the Council.  

This Executive Order shall take effect immediately.

DONE in the City of Manila, this 5th day of October in the year of Our Lord, nineteen hundred and ninety-two.
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Since 19.07.98.