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PRESIDENTIAL DECREE NO. 1075
PRESIDENTIAL DECREE NO. 1075 -
AUTHORIZING AN INTENSIVE EXPORT DEVELOPMENT DRIVE IN JAPAN FOCUSED ON A
PHILIPPINE PARTICIPATION AT THE TWELFTH TOKYO INTERNATIONAL TRADE FAIR
AND AUTHORIZING A CAMPAIGN TO RAISE FUNDS THEREFOR
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WHEREAS, it
is the policy of the state to encourage, promote and diversify exports
of services and of manufactures utilizing indigenous raw materials to
the fullest extent possible and to develop further existing markets for
Philippine products in order to attain increased levels of production
and employment, increase foreign exchange earnings, and hasten the
economic development of the country, making sure that the benefits of
progress accrue to the Filipino people; chanroblesvirtualawlibrary
WHEREAS, the recent volume of Philippine export trade has demonstrated
the favorability of encouraging and promoting commerce and investments
with Japan, this country having emerged as a principal trading partner
of the Philippines and having accounted for US$287 million of total
foreign equity investments made in the Philippines as of June 1976;chanroblesvirtualawlibrary
WHEREAS, the private sector can provide a vigorous upward thrust in the
country's manufactured exports considering the greatly improved export
climate in the country and considering the stimulus offered by the
inflow of domestic and foreign investments in these export industries;chanroblesvirtualawlibrary
WHEREAS, there is a need for sustained efforts in promoting effective
marketing of export products, using sound marketing concepts and
principles;chanroblesvirtualawlibrary
WHEREAS, any investment put into the country's participation in
international export promotion and export development activities should
provide for the establishment of continuing trade with the country
sites of these activities;chanroblesvirtualawlibrary
WHEREAS, the Tokyo International Trade Fair is a major and
well-publicized Japanese trade exposition, with recorded performance of
US$25,147,000,000 total value of business generated, and around 700,000
visitors and foreign buyers attending the ten-day 11th Tokyo
International Trade Fair in 1975;chanroblesvirtualawlibrary
WHEREAS, in order to achieve the foreign objectives there is a need to
provide for the implementation of an intensive export development drive
in Japan and to authorized for the purpose an official Philippine
participation at Tokyo International Trade Fair in 1977, a project that
shall entail substantive costs and therefore require that availment of
the joint financial assistance of the Government of the Philippines and
the private export-oriented sectors of the Philippines; and
WHEREAS, there is a need to grant authority to the Department of Trade,
in cooperation with the private export sector, to endorse and undertake
a fun-raising campaign to generate funds support for activities
necessary to carry out more effectively the objectives of said export
development drive participation;chanroblesvirtualawlibrary
NOW, THEREFORE I, FERDINAND E. MARCOS, President of the Philippines, by
virtue of the powers vested in me by the Constitution, do hereby order
and decree:cralaw:red
Section 1. To implement a long-term Export
Development Drive in Japan, to be launched by Philippine participation
as the Tokyo International Trade Fair in 1977. Said participation shall
be under the joint auspices of the Department of Trade, the Department
of Tourism and the Philippine Export Council, in cooperation with the
Confederation of Philippine Exporters and the Philippine Exporters
Trading Corporation. chanroblesvirtualawlibrary
Section 2. In order to ensure the successful
operation thereof, to undertake a fund campaign, to which all
contributions from the private sector shall be tax-deductible.
The private sector is hereby enjoined to extend all assistance to the
campaign by way of contributions, discounts, credits, guarantees and
other forms of financial accommodations: Provided, that the proceeds
derived from or through such financial assistance shall be used in
undertaking activities approved in the plan for the Export Development
Drive: Provided, further, That all excess revenues remaining from funds
generated through the campaign and expenses incurred for the Export
Development Drive, specifically for the Philippine participation at the
Tokyo International Trade Fair in 1977, shall be established into a
special fund to be invested for future activities resulting therefrom.
Section 3. There shall be a Commission composed of
qualified individuals from the government and private sectors who shall
provide the advice, guidance and insights necessary to pursuing the
activities of the Export Development Drive, specifically the Philippine
participation at the Tokyo International Trade Fair in 1977.
There shall also be organized a qualified staff, to be headed by an
Executive Director, which shall perform the work required for the
execution of the Export Development Drive, specifically the Philippine
participation at the Tokyo International Trade fair in 1977. The
Commission shall devise an appropriate organizational structure which
may include such operations committees as may be necessary. chanroblesvirtualawlibrary
Section 4. Agencies and instrumentalities of the
Government concerned with export developments, as well as government
financial institutions, are hereby directed to appropriate out of their
budgets contributions to make a total of one million eight hundred
twenty thousand (P1,820,000) pesos as the Government's assistance to
the project, in addition to any funds generated from the private sector
through the Fund Campaign.
This Decree shall take effect immediately and shall remain in force
until the 30th June 1977, or for the duration of the initial phase of
this export development drive.
Done in the City of Manila,
this 26th day of January, in the year of Our Lord, nineteen hundred and
seventy-seven.
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