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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 880 - DECLARING
THE ESTABLISHMENT OF A COCONUT CHEMICAL INDUSTRY AS A MEANS TO
RATIONALIZE THE COCONUT INDUSTRY OF THE PHILIPPINES AND GRANTING
ADDITIONAL INCENTIVES THEREFOR
WHEREAS, part of the program of the
Government is to rationalize the coconut industry to ensure its
survival, viability and stability and thereby assure the consuming
countries of an adequate and continuous supply at fair and reasonable
prices of copra, coconut oil and their by-products.
WHEREAS, a major cause of the violent fluctuation of prices of coconut
products is that coconut oil competes with other fats and oils,
principally soybean oil, in the edible market;
WHEREAS, the violent fluctuation of prices has created undue hardships
to a substantial segment of the citizenry who are directly or
indirectly dependent on the coconut industry as their source of
livelihood;
WHEREAS, it has been ascertained that one viable measure to minimize,
if not eliminate, the violent fluctuation of prices of coconut oil is
to induce the greater consumption of coconut oil in the manufacture of
chemicals;
WHEREAS, the Philippines should demonstrate to the entire world that
the utilization of coconut oil, being a renewable resource, is a
cheaper and more stable raw material base for the manufacture of
chemicals than fossil oils;
WHEREAS, in the implementation of this policy, the bank acquired for
the benefit of the coconut farmers of the Philippines under P.D. No.
755, acting as the Administrator of the Coconut Industry Investment
Fund, has caused the organization of a private corporation owned and
controlled by the coconut farmers purposely for establishing, operating
and maintaining in the Philippines a chemical process plant utilizing,
as its principal raw material, coconut oil (herein referred to as the
“Enterprise”);
WHEREAS, the Enterprise has been registered as a “preferred pioneer
enterprise” under the Omnibus Investments Code (P.D. No. 1789) and is
entitled to the benefits granted by law to such enterprises;
WHEREAS, there is a need to grant additional incentives to such
Enterprise in order to ensure its viability and capability to fully and
effectively implement the policy of inducing greater consumption of
coconut oil in the manufacture of chemicals;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of
the Philippines, by virtue of the powers vested in me by the
Constitution and by the laws, do hereby declare, direct and order that;
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
Done in the City of Manila,
this 4th day of March in the Year of Our Lord, Nineteen Hundred and
Eighty-Three.
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