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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 87 -
FACILITATING THE IMPORTATION OF SUGAR
WHEREAS,
the Administration, in line with its thrust to promote the interest of
the poor, aims to ensure adequate food supply at prices affordable to
the ordinary Filipino;
WHEREAS, for the year 1999, there is an estimated shortage of some
500,000 metric tons (MT) of sugar due to the effects of the El
Niño and La Niña phenomena;
WHEREAS, to augment the 1999 Minimum Access Volume of 48,393 MT of
sugar, there is need to immediately undertake additional importation to
address the projected shortfall in supply and to ensure the stable
price of sugar in the domestic market;
WHEREAS, there is a pressing need to enhance the productivity and
efficiency of the sugar industry, and of the whole agricultural sector
to enable them to compete in the increasingly competitive global market;
WHEREAS, the Bureau of Treasury has not been able to fully remit to the
Agricultural Competitiveness Enhancement Fund (ACEF) the proceeds from
the importation of the Minimum Access Volume (MAV) of agricultural
products as mandated under the Agricultural Tariffication Act (RA 8178);
NOW, THEREFORE I, JOSEPH EJERCITO ESTRADA, President of the
Philippines, by virtue of the powers vested in me by law, do hereby
order the following:
Section 1.
The government shall also facilitate the conversion of sugar from “C”
(reserve sugar) to “B” (domestic sugar).
Sec. 2.
Sec. 3.
The “Conversion Fee” shall be remitted to the Bureau of Treasury and
may be used to pay the arrears of government in the Agricultural
Competitiveness Enhancement Fund.
Sec. 4.
Sec. 5.
Sec. 6. Since 19.07.98.
DONE in the City of Manila,
Philippines, this 1st day of April, in the year of Our Lord, Nineteen
Hundred and Ninety-Nine.
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