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PRESIDENTIAL DECREE NO. 726
PRESIDENTIAL DECREE NO. 726 -
AUTHORIZING THE NATIONAL GRAINS AUTHORITY TO DETERMINE AND IMPORT
EXCLUSIVELY THE ANNUAL WHEAT GRAIN REQUIREMENTS OF THE COUNTRY, AND FOR
OTHER PURPOSES
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WHEREAS, at
present the wheat requirements of the country is determined by private
wheat importers, a situation which fosters an unrealistic assessment of
the country's needs thereby triggering an increasing trend in the
prices of wheat products to the detriment of the people; chanroblesvirtualawlibrary
WHEREAS, wheat is a good staple substitute which may be utilized in
times of acute shortages in rice provided that prices of wheat products
are stabilized;chanroblesvirtualawlibrary
WHEREAS, effective price stabilization at minimum cost requires the
coordination of policies on the importation of not only rice and corn
but other grains as well, more particularly, wheat.
NOW, THEREFORE, I FERDINAND E. MARCOS, President of the Philippines, by
virtue of the powers vested in me by the Constitution, do hereby decree
and order, and make as part of the law of the land the following:cralaw:red
Section 1. Any provision of law, order or regulation
to the contrary notwithstanding, the National Grains Authority (NGA)
shall have the authority to determine and import exclusively, from
whatever source abroad, the annual wheat grain requirements of the
country; Provided, That, the NGA shall include wheat grain in its total
grains policy in coordination with the rice and corn policies; and
Provided, That, the NGA shall have the authority to negotiate, for and
on behalf of the Government of the Republic of the Philippines, the
importation of wheat grains on a government-to-government basis; and
Provided, Further, That the importation of wheat grains shall be
exempted from customs duties, taxes and other charges.
Section 2. As soon as the NGA has procured the first
importation of sufficient quantities of wheat grains, and determined
that it can continue and maintain such importation to meet the annual
requirements of the country, it shall accordingly make a formal
declaration to that effect by publishing such declaration in a
newspaper of general circulation once a week for two consecutive weeks.
Effective on the day after the last day of such publication, and except
only as to those private importation covered by procurement contracts
entered into and perfected prior to the aforesaid day, the importation
of wheat grains by private persons or entities shall thenceforth be
prohibited. Thereafter, the wheat grain requirements of the private
flour millers, as well as other users, shall be secured from the NGA.
The NGA shall promulgate the necessary rules and regulations to govern
the allocation of wheat grains.
Section 3. Any provision of law, decree, order or
regulation inconsistent or contrary with the provisions of this
decree are hereby repealed or modified accordingly.
Section 4. This decree shall take effect immediately.
Done in the City of Manila,
this 5th day of June, in the year of Our Lord, nineteen hundred and
seventy-five.
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Since 19.07.98
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