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
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;
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;
WHEREAS, the private sector can provide a vigorous upward thrust in the country's manufactured exports considering the...
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Presidential Decrees
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 Ther
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
- Objectives:
• To encourage, promote and diversify exports of services and manufactures utilizing indigenous raw materials to the fullest extent possible. (Section 1)
• 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. (Section 1)
• To promote effective marketing of export products, using sound marketing concepts and principles. (Section 1)
• To establish continuing trade with the country sites of international export promotion and export development activities. (Section 1)
- Authorizes Philippine participation at the Tokyo International Trade Fair in 1977 as part of an intensive export development drive in Japan. (Section 1)
- Authorizes a fund-raising campaign to generate funds to support activities necessary for the export development drive participation. (Section 2)
• Contributions from the private sector shall be tax-deductible. (Section 2)
• Excess revenues shall be established into a special fund to be invested for future activities resulting from the export development drive. (Section 2)
- Establishes a Commission composed of qualified individuals from the government and private sectors to provide advice, guidance and insights for the export development drive activities. (Section 3)
- Directs government agencies and financial institutions to appropriate 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. (Section 4)
- The 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. (Section 4)
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
- Objectives:
• To encourage, promote and diversify exports of services and manufactures utilizing indigenous raw materials to the fullest extent possible. (Section 1)
• 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. (Section 1)
• To promote effective marketing of export products, using sound marketing concepts and principles. (Section 1)
• To establish continuing trade with the country sites of international export promotion and export development activities. (Section 1)
- Authorizes Philippine participation at the Tokyo International Trade Fair in 1977 as part of an intensive export development drive in Japan. (Section 1)
- Authorizes a fund-raising campaign to generate funds to support activities necessary for the export development drive participation. (Section 2)
• Contributions from the private sector shall be tax-deductible. (Section 2)
• Excess revenues shall be established into a special fund to be invested for future activities resulting from the export development drive. (Section 2)
- Establishes a Commission composed of qualified individuals from the government and private sectors to provide advice, guidance and insights for the export development drive activities. (Section 3)
- Directs government agencies and financial institutions to appropriate 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. (Section 4)
- The 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. (Section 4)