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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 1246 -
AMENDING LETTER OF INSTRUCTION NO. 742 BY CREATING A COMMITTEE ON
ECONOMIC, SCIENTIFIC AND TECHNICAL COOPERATION WITH SOCIALIST COUNTRIES |
| WHEREAS, it is in the national
interest to develop economic, scientific and technical cooperation with
all countries, including the socialist countries; WHEREAS, there is an urgent need to establish a special body that shall closely study and monitor the development of such relations; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby order and direct the following: Name
of the Committee The Inter-Agency Technical Committee on Economic and Technical Cooperation with Socialist Countries created Letter of Instruction No. 742 is hereby renamed as the Committee on Economic, Scientific and Technical Cooperation with Socialist Countries (hereinafter referred to as the Committee). The Committee shall be based at the National Economic and Development Authority. Functions
and Responsibilities The Committee shall have the following functions and responsibilities: a.
To study and evaluate proposed agreements on economic and technical
cooperation, as well as on scientific and technological cooperation; Membership The Committee shall be composed of representatives from the following offices, whose rank shall not be lower than that of a Director: a.
National Economic and Development Authority The NEDA Director-General is, however, authorized to designate other concerned ministries or offices of the government as additional members of the Committee. Chairman/Vice-Chairman The Chairman of the Committee shall come from the National Economic and Development Authority and the Vice-Chairman shall come from the Ministry of Foreign Affairs. Sub-Committees/Working
Groups The Committee Chairman may create Sub-Committees or Working Groups from among its members, as the need for them arises. Budgetary
Provisions The Minister of the Budget is authorized to allot, on yearly basis, the amount of ONE MILLION PESOS (P1,000,000.00) from the International Commitments Fund to defray expenditures to implement projects of technical cooperation with socialist countries. Repealing
Clause Letter of Instruction No. 742 is hereby repealed. All acts, decrees, rules, regulations and other official issuances or parts thereof, inconsistent to or incompatible with any of the above instructions are hereby superseded and modified accordingly. Done in the City of Manila, this 5th day of June, in the year of Our Lord, nineteen hundred and eighty-two. chanrobles virtual law library Back to Main Since 19.07.98.
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