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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.
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ADMINISTRATIVE ORDERS
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ADMINISTRATIVE ORDER NO. 68 -
CREATING A MULTI-AGENCY PANEL TO CONDUCT NEGOTIATIONS WITH FOREIGN
INVESTORS FOR THE EXPLORATION, DEVELOPMENT AND UTILIZATION OF MINERAL
RESOURCES IN THE PHILIPPINES
WHEREAS, Sec. 2 of Article XII of the
1987 Constitution provides that the President of the Philippines may
enter into agreements with foreign-owned corporations involving either
technical or financial assistance for large scale exploration,
development and utilization of minerals according to the general terms
and conditions provided for by law;
WHEREAS, under Sec. 4 of Executive Order No. 279, dated July 25,
1987, the Secretary of the Department of Environment and Natural
resources is authorized to accept, consider and evaluate proposals from
foreign-owned corporations or foreign investors for contracts or
agreements involving either technical or financial assistance for large
scale exploration, development and utilization of minerals which, upon
appropriate recommendation of the Secretary of Environment and Natural
Resources, the President may execute with the foreign proponent; and
WHEREAS, in order that the President of the Philippines may best
implement and exercise the powers vested under the above constitutional
and statutory provisions, it is imperative that a multi-agency panel be
created to conduct negotiations with foreign investors for the
exploration, development and utilization of minerals in the
Philippines;
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by
virtue of the powers vested in me by law, do hereby create a
multi-agency panel to conduct negotiations with foreign investors for
the exploration, development and utilization of mineral resources in
the Philippines, composed of the following:
1.
Natural Resources or his representative
2.
Planning and Director-General, National
Economic and Development Authority or
her representative
3.
representative
4.
or his representative
5.
the Philippines or his representative
6.
or his representative
7.
Bureau
There shall be provided a pool of legal and technical consultants to
assist the multi-agency panel in the performance of its duties and
functions.
The multi-agency panel shall from time to time render reports to the
President of any negotiation undertaken pursuant to this
Order.
DONE in the City of Manila,
this 19th day of April, in the year of Our Lord, nineteen hundred and
eighty-eight.
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