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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 95 - AMENDING
EXECUTIVE ORDER NO. 286 (S. 2000) ENTITLED “PROMULGATING THE FOURTH
REGULAR FOREIGN INVESTMENT NEGATIVE LIST”
WHEREAS,
Executive Order (EO) No. 286, s. 2000, promulgating the Fourth Regular
Foreign Investment Negative List, consisting of Lists A and B, was
issued on 24 August 2000 and is effective for two years from 24 October
2000;
WHEREAS, there is a need to amend the Fourth Regular Foreign Investment
Negative List to reflect changes to List B, as recommended by the
Secretary of the Department of National Defense and indorsed by the
National Economic and Development Authority;
WHEREAS, any amendment of List B shall not be made more often than once
every two years, pursuant to Sec. 8 of RA 7042, as amended;
WHEREAS, no amendment has been made to List B of the Fourth Regular
Foreign Investment Negative List since its issuance on 24 August 2000.
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the
Philippines, by virtue of the powers vested in me by law, do hereby
order:
Section 1.
“2.
a.
b.
c.
d.
e.
f.
g.
h.
i.
j.
k.
l.
m.
However,
the manufacture or repair of these items may be authorized by the
Secretary of National Defense to non-Philippine nationals; Provided
that a substantial percentage of output, as determined by the said
agency, is exported. Provided further that the extent of foreign equity
ownership allowed shall be specified in the said
authority/clearance.”
Sec. 2.
Done in the City of Manila,
this 15th day of April, in the year of Our Lord, Two Thousand and Two.
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