ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Search for
www.chanrobles.com
:
LETTER OF INSTRUCTIONS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
|
|
|
|
|
LETTER OF INSTRUCTIONS NO. 1475
-PROVIDING FOR THE SELECTIVE EXPORTATION OF LOGS AND THE IMPLEMENTATION
OF A WOOD INDUSTRY RATIONALIZATION PROGRAM |
All Concerned
WHEREAS, log exports provide the wood industry with the needed revenue for their working capital requirements;
WHEREAS, an immediate ban on log exports may result in shut-downs not only of logging firms but wood processing plants as well;
WHEREAS, an immediate ban on log exports may result in unemployment and industry wide dislocations;
WHEREAS, there is a need to upgrade and re-tool the country's wood processing capabilities to make them competitive in the world markets;
WHEREAS, there is a need to formulate and adopt a wood industry rationalization program;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution and pursuant to Presidential Decree No. 865 do hereby order the following:
1.
Log exports shall be allowed on a limited and selective basis for a
period of twelve (12) months commencing upon the effectivity of this
Letter of Instructions.
2. Only timber
licensees with finished wood products exports and those whose log
exports support, or are in line with, government-approved trade
agreements shall be qualified.
3. An equal
volume of logs for export will be allowed for every cubic meter of
finished wood products actually exported during the immediately
preceding year: Provided, That the aggregate log export shall not
exceed 25% of the total allowable cut.
4. Qualified
log exporters should have satisfactory performance in timber
management, reforestation, and forest protection.
5. Whenever
the export prices of logs fall to unreasonably low levels or whenever
public interest so requires, the President may, upon the recommendation
of the Minister of Natural Resources, cancel log exportation or reduce
the maximum allowable proportion for log exports.
6. A wood
industry rationalization program to include the following activities
should be formulated and implemented;
a)
a mill-by-mill evaluation of the wood industry's processing
capabilities and requirements for upgrading and re-tooling;
b) a
comprehensive evaluation of international markets for processed wood
products, including assessment of the technical specifications required
by the buyers;
c) formulation
and adoption of a financing program to finance the working capital
requirements and capital investments for upgrading and re-tooling of
wood processing mills.
8. This Letter of Instructions shall take effect immediately.
DONE in the City of Manila, this 12th day of July in the year of Our Lord, nineteen hundred and eighty-five.
chanrobles virtual law library
Back to Main
Since 19.07.98.
