EXECUTIVE ORDER NO. 989 October 10, 1984
FURTHER STRENGTHENING THE EXPORT PROMOTION PROGRAM THROUGH THE INSTITUTIONALIZATION OF PHILIPPINE TRADE EXHIBITION CENTER
WHEREAS, primary considerations in the development of the Philippine economy are the upgrading of the quality and increasing domestic and international trade in Philippine manufactured products; and
WHEREAS, the Ministry of Trade and Industry is implementing programs for the improvement of the quality of locally manufactured products through raw material sourcing, technical assistance rendered by product specialist consultancies, marketing research, as well as generating foreign exchange income by increasing trade locally made goods in both domestic and international markets; and
WHEREAS, the National Food Authority presently operates the Philippine Trade Exhibits, with facilities especially equipped for the holding of trade exhibitions for Philippine manufactured goods; and
WHEREAS, the close coordination of the activities of the Ministry of Trade and Industry and the National Food Authority in projects designed for research, development and marketing of locally manufactured goods, especially in the exhibition of these products to the general public is...
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Amended by
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Executive Orders
Further Strengthening the Export Promotion Program Through the Institutionalization of Philippine Trade Exhibition Center
Executive Order No. 989
Summary of Executive Order No. 989
Creation of Philippine Trade Exhibition Center
- Institutionalizes the holding of trade exhibits for promoting locally manufactured products (Sec. 1)
- Implements projects to upgrade product quality to international standards, coordinate raw material sourcing, develop markets, and provide assistance to manufacturers (Sec. 1)
Transfer of Existing Facilities and Land
- Existing facilities of Philippine Trade Exhibits transferred to the Center as capital/equity contribution of National Food Authority (Sec. 2)
- Land-site transferred as capital contribution; no obligations to accrue to the Center (Sec. 2)
Capitalization
- Ministry of Trade and Industry to provide initial operating capital of ₱16,000,000 from Garments and Textile Export Board's Special Account No. 151 (Sec. 2)
- Capitalization to be determined by Board of Governors (Sec. 2)
Board of Governors
- Central policy-making body composed of: (Sec. 3)
1. Minister of Human Settlements (Chairman)
2. Minister of Trade and Industry (Vice Chairman)
3. Administrator of National Food Authority
4. Governor of Central Bank of the Philippines
5. President of Philippine National Bank
6. President of Land Bank of the Philippines
7. President/General Manager of Government Service Insurance System
8. Administrator of Social Security System
9. Private Sector Representative appointed by the President
- Formulates rules and regulations for proceedings and management (Sec. 4)
Corporate Structure
- Philippine Trade Exhibition Center is a corporate entity owned by the Philippine Government, attached to the Ministry of Trade and Industry (Sec. 5)
Management and Operations
- Center for International Trade Expositions and Missions, Inc. (CITEM), an agency of the Ministry of Trade and Industry, to undertake day-to-day management and operations (Sec. 6)
Effectivity
- Executive Order takes effect immediately (Sec. 7)
Creation of Philippine Trade Exhibition Center
- Institutionalizes the holding of trade exhibits for promoting locally manufactured products (Sec. 1)
- Implements projects to upgrade product quality to international standards, coordinate raw material sourcing, develop markets, and provide assistance to manufacturers (Sec. 1)
Transfer of Existing Facilities and Land
- Existing facilities of Philippine Trade Exhibits transferred to the Center as capital/equity contribution of National Food Authority (Sec. 2)
- Land-site transferred as capital contribution; no obligations to accrue to the Center (Sec. 2)
Capitalization
- Ministry of Trade and Industry to provide initial operating capital of ₱16,000,000 from Garments and Textile Export Board's Special Account No. 151 (Sec. 2)
- Capitalization to be determined by Board of Governors (Sec. 2)
Board of Governors
- Central policy-making body composed of: (Sec. 3)
1. Minister of Human Settlements (Chairman)
2. Minister of Trade and Industry (Vice Chairman)
3. Administrator of National Food Authority
4. Governor of Central Bank of the Philippines
5. President of Philippine National Bank
6. President of Land Bank of the Philippines
7. President/General Manager of Government Service Insurance System
8. Administrator of Social Security System
9. Private Sector Representative appointed by the President
- Formulates rules and regulations for proceedings and management (Sec. 4)
Corporate Structure
- Philippine Trade Exhibition Center is a corporate entity owned by the Philippine Government, attached to the Ministry of Trade and Industry (Sec. 5)
Management and Operations
- Center for International Trade Expositions and Missions, Inc. (CITEM), an agency of the Ministry of Trade and Industry, to undertake day-to-day management and operations (Sec. 6)
Effectivity
- Executive Order takes effect immediately (Sec. 7)