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PHILIPPINE LAWS, STATUTES & CODES
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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 877 -
AUTHORIZING THE REORGANIZATION OF THE PHILIPPINE INTERNATIONAL TRADING
CORPORATION CREATED UNDER PRESIDENTIAL DECREE NO. 1071, AS AMENDED
WHEREAS, it is the declared policy of the
New Republic to pursue national development with renewed dedication and
determination;
WHEREAS, there is a need to position and gear up the country’s export
marketing resources in anticipation of a recovery in the world
economy;
WHEREAS, the Philippine International Trading Corporation, hereinafter
referred to as the Corporation, is in the vanguard of marketing
Philippine exports worldwide;
WHEREAS, in order to accelerate and expand its exports, there is a need
to upgrade the management and marketing expertise of the Corporation
consistent with the requirements of international marketing;
WHEREAS, in the light of the foregoing, the reorganization of the
Corporation becomes imperative;
WHEREAS, under Presidential Decree No. 1416, as amended, the President
is empowered to undertake such organizational changes as may be
necessary in the light of changing circumstances and development;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, and the
authority vested on me by Presidential Decree No. 1416, as amended, do
hereby order and direct:
1.
2.
a.
b.
c.
d.
3.
4.
5.
Done in the City of Manila, this 18th day of February, in the year of Our Lord, nineteen hundred and eighty-three.
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