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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 64 -
ANNOUNCING THE APPROVAL AND EFFECTIVITY OF THE ADDENDA TO THE FIFTH
INVESTMENT PRIORITIES PLAN AND THIRD EXPORT PRIORITIES PLAN UNDER THE
INVESTMENT INCENTIVES ACT AND EXPORT INCENTIVES ACT
WHEREAS,
pursuant to the provisions of Republic Act 5186, otherwise known as the
Investment Incentives Act, and Republic Act 6135, otherwise known as
the Export Incentives Act, the Board of Investments has prepared the
Addenda to the Fifth Investment Priorities Plan and the Third Export
Priorities Plan and the same have been submitted to me for approval
through, and with the recommendation of the National Economic and
Development Authority;
WHEREAS, after a careful study of the Addenda to the Plans and their
supporting data, I have found the Addenda to be feasible and in
conformity with law and accordingly approved it.
NOW, THEREFORE, pursuant to Section 18 of Republic Act 5186, and
Sec. 4 of Republic Act 6135, I, FERDINAND E. MARCOS, President of
the Philippines, do hereby declare and proclaim in effect the Addenda
to the Fifth Investment Priorities Plan and the Third Export Priorities
Plan hereto attached.
Done in the City of Manila,
this 13th day of March, in the year of Our Lord, nineteen hundred and
seventy-three.
ADDENDA TO THE FIFTH INVESTMENT PRIORITIES PLAN AND THE THIRD EXPORT
PRIORITIES PLAN 1972
BOARD OF INVESTMENTS
Ortigas Bldg., Ortigas Avenue
Pasig, Rizal
REPUBLIKA NG PILIPINAS
Tanggapan ng Pangulo
LUPON NG PAMUMUHUNAN
BOARD OF INVESTMENTS
Ortigas Building
Ortigas Ave., Pasig, Rizal
20 November 1972
National Economic Development Authority
c/o Hon. Alejandro Melchor
Executive Secretary
Malacañang, Manila
Dear Sir:
We are submitting herewith our proposed amendments to the Fifth
Investment Priorities Plan (IPP) and the Third Export Priorities Plan
(EPP). The inclusion of eight (8) new projects in the Fifth Investment
Priorities Plan and three (3) new projects in the Third Export
Priorities Plan is proposed. We are also recommending the amendment of
the measured capacity for two (2) IPP projects.
I. New Additions
Five of the eleven projects recommended for new inclusion would be
producing components for the Progressive Car Manufacturing
Program. The new projects being proposed for inclusion are the
following:
Fifth Investment Priorities Plan
Project Status Measured Capacity
Rock aggregates Non-pioneer Local:
507,000 cu.m.
Condition: Cebu island
only
Automotive engine block Pioneer
Local: 58,800 units
(with cylinder head) Export:
Variable
Electric motors for Non-pioneer
Local: 65,000 units
automotive use Export: Variable
Automotive gauges Non-pioneer
Local: 56,000 units
and instruments Export: Variable
Vehicle shock absorber Non-pioneer
Local: 600,000 units
Export: Variable
Gum rosin and gum Pioneer Local:
8,000 M. T.
turpentine Export: Variable
Glass containers Non-pioneer
Local: 113,000 M. T.
Textiles Non-pioneer Local:
115,400,000
sq. yds.
Export: Variable
Condition: Only new
textile mills will be entitled
to registration under
the IPP, with the
condition of location outside
the Greater Manila
area (including the five
surrounding provinces of
Bulacan, Laguna, Batangas,
Cavite and Rizal).
Expansion of existing
textile mills in the
Greater Manila area
should be registered under
the Export incentives
Act, with a commitment
to export a minimum
proportion of
production resulting
from the expansion in
capacity.
Third Export Priorities Plan
BTN SITC
Status exportable Products
List A: Exportable Products of Existing Firms
73.38 812.3
Wrought iron furniture
82.50
729.2 Fluorescent and mercury
lamp ballasts
List B: Exportable Products of Preferred Areas of
Investments
84.63
732.0 Pioneer Motor vehicle
transmission
A short description of the projects proposed for inclusion in the IPP
and EPP together with the different data and economic factors which
were considered in their evaluation are shown in the attachments.
II. Amendment of Measured Capacity
The proposed amendment of the measured capacity for two (2) IPP
projects are:
Project Measured Capacity
Flashlight Local: 1,656,000 units
Export: 1,400,000 units
Magnetic starter Local: 36,000 units
Export: 40,000 units
We are recommending the addition of an export measured capacity of
1,400,000 units for flashlights. Our study of the export market for
flashlights has shown that there is a potential for Philippine export
of this product. Lower production costs in the Philippines would give
us a competitive position with Hongkong which supplies a substantial
proportion of the world market.
In the case of magnetic starters, we are recommending the increase of
the local measured capacity from 19,000 units to 36,000 units and of
the export measured capacity from 20,000 units to 40,000 units. This
increase of 17,000 units in the local measured capacity is merely the
restoration of the measured capacity granted to a BOI-approved project
which has subsequently withdrawn its application. This capacity was
taken into account in computing the "existing/approved capacity" in the
Fifth IPP. On the other hand, the addition of 20,000 units for the
export measured capacity is based on a revision of our estimate of the
export market for magnetic starters.
Very truly yours,
(Sgd.) VICENTE T. PATERNO
Chairman
January 17, 1972
Dr. Gerardo Sicat
Officer-in-Charge
National Economic Development Authority
Metropolitan Bank Bldg.,
Ayala Ave., Makati, Rizal
Dear Dr. Sicat:
We are submitting for inclusion in our proposed addenda to the Fifth
Investment Priorities Plan and Third Export Priorities Plan the
following projects cellophane. The pertinent data on this project are
as follows:
Measured capacity: Local: 6,400 MT
Export: variable
Status: Pioneer
Conditions:
1. The project must be located close to the Northern
Luzon Copper Smelter in order to make the cost of sulfuric acid as low
as possible;
2. The project must be located in an area which is
economically accessible to sites suitable to tree farming;
3. That a project for the manufacture of pulp to be
used as raw material for the cellophane project should be submitted
within one year from the start of the operation of the cellophane
project.
Description of the product: Cellophane is the name given to a thin
transparent film consisting of a base sheet of cellulose, regenerated
from viscose, containing variable amounts of water and softener, and
coated on one or both sides to render it moisture-proof and capable of
being sealed with heat or solvent. This product satisfies the
requirements of a wide range of applications, mostly in the field of
packaging.
Demand-supply gap and annual capacity of recommended economic-size
plant:
Demand projection gear: 1976
Projected demand: Local: 6,400 MT
Export: variable
Measured capacity: Local: 6,400 MT
Export: variable
Annual capacity of recommended economic-size plant:
5,000 MT
Recommended economic-size plant by investment requirement and value of
output:
Total investment requirements: P134,494,000
Capital equipment 118,315,000
Others 16,179,000
Value of output: 54,155,000
Labor requirements of economic-size plant by level of skill:
Total:
No. : 525 persons
Salary : P3,838.000
Supervisory and skilled:
No. : 314 persons
Salary : P2,873,000
Semi-skilled:
No. : 129 persons
Salary : P640,000
Unskilled:
No. : 82 persons
Salary : P325,000
Economic factors:
Value added coefficient at domestic prices:
0.55
Value added coefficient at world prices:
0.39
Usage of indigenous raw materials:
.263
Fixed assets per worker: P225,362
Fixed assets per peso wage:
30.83
Fixed assets/value added at domestic prices:
3.97
Foreign exchange benefit-cost ratio:
1.33
Foreign exchange benefit/imported raw
materials:
2.69
Discounted rate of return on foreign exchange
investment:
17.0%
Enclosed, for your reference is a copy of our proposed Addenda to the
Fifth Investment Priorities Plan and the Third Export Priorities Plan
which we submitted to your office last November.
Very truly yours,
(Sgd.) VICENTE T. PATERNO
Chairman
REPUBLIC OF THE PHILIPPINES
Office of the President
BOARD OF INVESTMENTS
Ortigas Bldg., Ortigas Ave.,
Pasig, Rizal
MEMORANDUM —
TO : The NEDA Board
THROUGH : The Director General
FROM : Vicente T. Paterno
DATE : February 8, 1973
SUBJECT : Garments for Exports
---------------------------------------
We have earlier recommended the inclusion of garments under, List B of
the Fourth EPP which is now under review by the NEDA before submission
to the President. By provision of law, the Fourth EPP will become
effective by May 1973.
Garments has been singled out as an export area for development and
special assistance in the current export drive. It is a labor-intensive
industry with a relatively short gestation period and with
significantly great potential in developed markets.
The advantages inherent to establishing garment plants in the
Philippines seem to have been realized by many foreign investors and
they have come to seek assistance from the Board of Investments to
facilitate preparations leading to an early start-up of operations.
These investors have decided to base their operations in the
Philippines since the incentives they would enjoy would give them
competitive advantage over other garment exporters. Their entry would
mean substantial foreign capital inflow and they would bring with them
new technical know-how and marketing expertise which give assurance of
outlets for total production.
The timetables of these new ventures do not allow them to wait until
the Fourth EPP is approved. Two new garment ventures will be set up in
the country within the next two months:
1. Gaty Clothing Pty. Limited (foreign partner) —
General Textile Mills
2. Shuen Mei Trading Co., Lt. (foreign partner) —
La Sampaguita, Inc.
3. G.S. Mañalac, Inc.
Another three new garment ventures will be set up within the year:
1. Far Eastern Textiles Ltd. (Taipei) (Foreign
partner) —
Amon Trading Corporation
2. Diversified Corporate Industries (foreign
investor)
3. Genesco, Inc. (foreign partner) —
Integrated Shoe, Inc.
The sooner these projects start operating and exporting their
production, the sooner will they generate badly needed foreign exchange
and open up employment opportunities for Filipino labor.
In the light of these, we are therefore requesting that garments be
considered as part of the Addenda to the Third EPP rather than as part
of the Fourth EPP. Attached are the economic data for this industry.
(SGD.) VICENTE T. PATERNO
Chairman
GARMENTS
ECONOMIC DATA
Status : Non-Pioneer
MC (Export) : Variable
Condition : At least 70% of total production must be
exported.
Annual capacity of recommended economic-size plant: 24,000
dozens ladies' lingerie or 41,250
dozens children's
clothes (25 sewing machines)
Total project cost : P1,255,000
Capital requirement : P331,000
Others : 924,000
Value of Output : P4,992,000
Labor Generation
Total
Number : 128
Salary : P473,000
Skilled
Number : 25
Salary : P144,000
Semi-Skilled
Number : 92
Salary : P302,000
Unskilled
Number : 11
Salary : P27,000
Value Added Coefficient
at domestic prices : .62
at world prices : .62
Usage of indigenous raw materials : highly indigenous
Ratio of direct labor to total labor : .67
Total fixed assets per worker : P2,585
Imported fixed assets per worker : $128
Foreign exchange benefit-cost ratio : 231.00
Attachment
A
DESCRIPTION
OF PRODUCTS
INVESTMENT PRIORITIES PLAN
ROCK AGGREGATES
Rock aggregates are crushed gravel graded into desired sizes varying from one-fourth to one-half inch. They are generally used in the construction of roads, buildings, piers, bridges and other concrete products such as hollow blocks and pipes. Crushed, graded and washed aggregates differ in quality from the ordinary gravel taken directly from river beds by the "salandra" method.
Rock aggregates was included in the First and Second Investment Priorities Plans with a non-pioneer status and a measured capacity of 4,000,000 metric tons. The declared measured capacity has been filled up by four firms with plant sites in Bulacan, Rizal and Quezon.
The proposed measured capacity for 507,000 cubic meters would be applicable to the Cebu island only where there is presently no existing producer of rock aggregates.
AUTOMOTIVE
ENGINE BLOCK (WITH CYLINDER HEAD)
The engine block is that part of the automotive engine which forms the structure to which all other part are attached. Generally, it is made of cast iron but some smaller engines are now made of aluminum alloys. The engine block itself is composed of the cylinder block, cylinder head, manifolds, and the oil pan which are bolted together to form a single structure.
The basic use of the engine block is to provide space for the conversion of chemical energy of the fuel into mechanical energy, to allow for the removal of the products of combustion, and to hold in place the mechanical parts which transmit the power developed inside the cylinder to the external part of the engine, form which end the load is connected.
All automotive engine blocks are presently imported. They come in either as spare parts for worn-out engines or as part of a completely assembled new engine.
ELECTRIC
MOTORS FOR AUTOMOTIVE USE
There are three types of electric motors for automotive use: starter motor, wiper motor and alternator/generator.
A starter motor is a DC motor used for turning or starting the automotive engine until it fires and continues to turn under its own power. The starter motor consumes the largest amount of current in the electrical system of an automotive vehicle. Because of this requirement, it needs a heavy duty switch which is connected to the battery by a thick heavy cable.
A wiper motor is a DC motor used to turn the windshield wiper blades. The wiper blades are connected to the wiper motor through linkages.
An alternator/generator is an electrical device used in automotive vehicles to produce current for their electrical system. This may be either a generator which produces direct current or an alternator which produces alternating current. In the case of an alternator, the alternating current is converted to direct current through the use of diodes or rectifiers which are built into the alternator.
Electric motors for automotive use are presently imported, either as part of the CKD packs of automotive vehicles or as spare parts.
AUTOMOTIVE
GAUGES AND INSTRUMENTS
Automotive gauges and instruments are devices used in cars, trucks, motorcycles and practically all land vehicles operated by prime movers for the purpose of either indicating, recording, or measuring various parameters related to the operation of the vehicle. Among the most commonly used gauges and instruments are the following:
a) Ammeter — this indicates or measures the amount of current received or delivered by the storage battery.
b) Pressure gauge — this indicates or measures the oil pressure in the moving parts internal to the engine.
c) Temperature gauge — this measures the temperature inside the engine and/or indicate whether the engine is hot or cold.
d) Speedometer — this indicates the speed of the vehicle either in kilometers per hour or miles per hour and records the total distance travelled.
e) Tachometer — This indicates the engine speed in revolutions per minute.
In the absence of any local manufacturer of automotive gauges and instruments, all of these are presently imported either as spare parts or as part of the CKD pack for new vehicles.
VEHICLE
SHOCK ABSORBER
A shock absorber is an automotive component which forms part of the suspension system in order to effect a smoother and safer ride. Although there are many variations in the design and type of shock absorbers, it is basically composed of a cylinder, a piston and a valve mechanism which restricts the movement of a fluid confined within the cylinder. Shock absorbers are normally used in practically all types of road vehicles. The investment are being proposed for inclusion in the IPP would cover shock absorbers for cars, trucks and motorcycles.
The demand for shock absorbers is presently mainly supplied through importation either as part of CKD packs or as spare parts. There is one local manufacturer of shock absorbers but its production is very small and the quality of its present products is unacceptable to local assemblers. Its output goes mainly to the jeepney market where the operators are not very particular about quality of the shock absorbers used.
GUM
ROSIN AND GUM TURPENTINE
Rosin is a solid resinous material that occurs naturally in the oleoresin of pine and other coniferous trees. Gum rosin, also known as colophony, is the host residue drawn off from a distillation still after processing the oleoresin. There are three major sources of gum rosin, namely: the oleoresin exudate of the living pine tree, the oleoresin contained in the aged stump of the pine tree, and the tall oil rosin produced as a by-product in kraft paper production.
Gum turpentine is a by-product in the production of gum rosin. It is the distillate from the steam distillation of oleoresin from the exudate of the living pine. Gum turpentine is the highest quality turpentine and has a pleasant odor. In the Philippines, there are two possible sources of gum rosin and gum turpentine: the Benguet pine tree and the Mindoro pine tree.
Gum rosin, in its modified and unmodified forms has a variety of uses. It is used for protective coatings, adhesives, lacquers, plastics, printer's ink and linoleum. Gum turpentine is used as a solvent for paints and varnishes.
GLASS
CONTAINERS
Glass containers include bottles for beverages, food products, drugs, pharmaceuticals, cosmetics and chemicals. This area was listed in the First IPP with a non-pioneer status and a measured capacity of 95,000 M.T. (90,000 M.T. for local and 5,000 M.T. for export). This has since been filled up with the registration of five glass plants.
The existing glass plants, however, can no longer supply the demand for glass containers which has subsequently increased and the gap is being filled through importation. By 1975, demand for glass containers is expected to be 315,200 M.T., while the capacity of the existing and proposed firms would amount to only 202,450 M.T., leaving a gap of 112,750 M.T.
TEXTILES
Woven fabrics are the products of the spinning, weaving and finishing of natural and man-made fibers used essentially for clothing. They are also used for draperies, mosquito nets, weddings, paddings, surgical and clinical gauzes, etc.
Woven fabrics may be unbleached, scoured, bleached, dyed, printed, mercerized, napped, etc. The designs may also be produced by additional warp or weft threads introduced during weaving.
Cotton has been the major raw material for fabrics. Man-made fibers like rayon, nylon, polyester, acrylics etc. have, however, been developed as substitutes or for blending with cotton to improve the quality of fabrics (to add strength, resistance to creases, stains, mildew light, etc.)
EXPORT
PRIORITIES PLAN — LIST B
MOTOR VEHICLES TRANSMISSION
The motor vehicle transmission is the link between the engine and the wheels. The transmission is coupled to the engine through the clutch plate mounted on the clutch gear. Torque to drive the wheels is transmitted by meshing of gears with predetermined gear ratio that determines the speed of the vehicle for a given engine speed (rpm). These gears are linked to the propeller shaft which in turn drives the differential gears that cause rotation of the vehicle's wheels. Speed change is effected by shifting of gears meshed to the drive gear. This shifting is effected by a mechanical means (a shift lever) or by fluid pressure (as in automatic transmission). The proposed product is the non-automatic type.
There is at present no local manufacturer of motor vehicle transmission. It comes in as part of CKD packs.
Attachment B
STATISTICAL TABLES
ADDENDUM TO TABLE 27
OF THE
FIFTH INVESTMENT PRIORITIES PLAN
DEMAND-SUPPLY GAP AND ANNUAL CAPACITY OF THE RECOMMENDED ECONOMIC-SIZE PLANT
(in thousands)
Demand Projected Existing Measured Capacity Annual
Name of Projection Demand Capacity Total Local Export Capacity of the
Product Year Recommended
Economic Size
Plant
Flashlight 1974 3,056 units — 3,056 units 1,656 units 1,400 units 1,200 units
Magnetic starter 1974 76 units — 76 units 36 units 40 units 34 units
Rock aggregates 1975 507 cu. m. — 507 cu. m. 507 cu. m. — 390 cu.m.
Automotive
engine block 1975 Variable — Variable 58.8 units Variable 12.2 units
(with cylinder head)
Electric motors for 1974 Variable — Variable 65 units Variable 20 units
automotive use
Automotive gauges
and 1974 Variable — Variable 56 units Variable 30 units
instruments
Vehicle shock
absorber 1974 Variable — Variable 600 units Variable 200 units
Gum rosin and
gum 1975 Variable — Variable 8 M.T. Variable 6.5 M.T.
turpentine
Glass containers 1975 315 M. T. 202 M.T. 113 M.T. 113 M.T. — 28 M.T.
Textiles 1975 Variable 625,000 sq. Variable 115,400 Variable 2,762 sq.
yds. sq. yds yds.
(10,000
spindles and
245 looms at
92%
efficiency
ADDENDUM TO TABLE 28
OF THE
FIFTH INVESTMENT PRIORITIES PLAN
RECOMMENDED ECONOMIC-SIZE PLANT BY INVESTMENT REQUIREMENT AND VALUE OF OUTPUT
(in thousand pesos)
Investment Requirements
Name of Product Capital Value of
Total Equipment Other Output
Rock aggregates 3,872 3,151 721 3,770
Automotive engine block (with cylinder head) 51,278 40,679 10,599 52,654
Electric motors for automotive use 3,906 1,410 2,496 8,200
Automotive gauges and instruments 4,025 2,825 1,200 6,000
Vehicle shock absorber 4,570 2,620 1,950 5,000
Gum rosin and gum turpentine 4,548 4,008 540 14,538
Glass containers 36,894 28,697 8,197 23,849
Textiles 36,952 31,298 5,654 25,779
ADDENDUM TO TABLE 29
OF THE
FIFTH INVESTMENT PRIORITIES PLAN
LABOR REQUIREMENT OF ECONOMIC-SIZE PLANT
BY LEVEL OF SKILL
Name of Product Total Sup. and Skilled Semi-Skilled Unskilled
Num Salary ( in Num- Salary (in Num Salary (in Num Salary (in
ber thousand P) ber thousand P) ber thousand P) ber thousand P)
Rock aggregates 178 934 82 559 56 219 40 156
Automotive engine
block 525 2,850 381 2,284 64 220 80 346
with cylinder head)
Electric motors for 71 438 55 379 10 42 6 17
automotive use
Automotive gauges and 82 846 62 756 10 55 10 35
instruments
Vehicle shock absorber 193 1,643 138 1,380 30 173 25 90
Gum rosin and gum 46 194 10 93 9 30 27 71
turpentine
Glass containers 176 843 100 528 42 179 34 136
Textiles 541 233 464 2,098 15 63 62 178
ADDENDUM TO TABLE 30
OF THE
FIFTH INVESTMENT PRIORITIES PLAN
ECONOMIC FACTORS
Name of Product Value Value Usage of Fixed Fixed Fixed Foreign Foreign Discount
Added Added Indige- Assets Assets Assets/ Exchange Exchange Rate of
Coeffi Coeffi nous Raw Per Per Value Benefit Benefit/Return on
cient cient Materials Worker Peso Added Cost Imported Foreign
At At World Wage At Ratio Raw Exchange
Domestic Prices Domestic Materials Investment
Prices Prices (%)
Rock
Aggregates .82 .82 h.i. 17,702 3.37 1.01 non-traded
good
Automotive
engine block .36 .62 .24 77,484 14.27 2.14 2.77 4.63 44
(with cylinder head)
Electric motors
for .38 .38 .38 19,859 3.22 0.45 1.73 3.08 over 150
automotive use
Automotive
gauges and .42 .33 .49 34,449 3.34 1.13 2.89 3.21 over 150
instruments
Vehicle
shock
absorber .35 .44 .08 13,575 1.59 0.76 1.80 1.94 140
Gum rosin
and gum .32 .24 h.i. 87,139 20.70 0.86 40.68 n.i. over 150
turpentine
Glass
containers .74 .77 .24 163, 051 34.04 1.53 5.17 8.83 116
Textiles .63 .60 .23 57,800 13.38 1.84 1.73 5.44 60
h.i. = highly indigenous
n.i. = negligible imports
ADDENDUM TO TABLE 31
OF THE FIFTH INVESTMENT PRIORITIES PLAN
LINKAGE EFFECTS
Name of Product Index of Dispersion Index of Sensitivity
Rock Aggregates 0.71 - 0.80 0.71 - 0.80
Automotive engine 1.11 - 1.20 1.01 - 1.20
block (with cylinder head)
Electric motors for 1.11 - 1.20 1.01 - 1.20
automotive use
Automotive gauges 1.11 - 1.20 1.01 - 1.20
and instruments
Vehicle shock absorber 1.11 - 1.20 1.01 - 1.20
Gum rosin and gum 1.31 - 1.40 1.01 - 1.20
turpentine
Glass containers 0.91 - 1.00 1.21 - 1.40
Textiles 1.01 - 1.10 2.41 - 3.20
ADDENDUM TO TABLE 32
OF THE
THIRD EXPORT PRIORITIES PLAN
DEMAND-SUPPLY GAP AND ANNUAL CAPACITY OF THE RECOMMENDED ECONOMIC-SIZE PLANT
(in thousands)
Name of Export Product MC for Export Annual Capacity of the Recommended
Economic-Size Plant
Motor vehicle transmission Variable 72 units
ADDENDUM TO TABLE 33
OF THE
THIRD EXPORT PRIORITIES PLAN
RECOMMENDED ECONOMIC-SIZE PLANT BY INVESTMENT
REQUIREMENT AND VALUE OF OUTPUT
(in thousand pesos)
Investment Requirements
Name of Product Total Capital Equipment Others Value of Output
Motor vehicle transmission 115,786 98,793 16,993 74,565
ADDENDUM TO TABLE 34
OF THE
THIRD EXPORT PRIORITIES PLAN
LABOR REQUIREMENT OF RECOMMENDED ECONOMIC-SIZE PLANT BY LEVEL OF SKILL
Total Sup. and Skilled Semi-Skilled Unskilled
Name of Product Num- Salary (in Num- Salary (in Num- Salary (in Num- Salary (in
ber thousand P) ber thousand P) ber thousand P) ber thousand P)
Motor vehicle
transmission 566 4,601 509 4,393 24 109 33 99sia
ADDENDUM TO TABLE 35
OF THE
THIRD EXPORT PRIORITIES PLAN
ECONOMIC FACTORS
Name of Product Usage of Direct Usage of Indigenous Value Added Foreign Exchange
Labor Raw Materials Coefficient Benefit-Cost Ratio
Motor vehicle
transmission .3712 .19 .72 2.29
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