Transferring the Supervision of the Manila Economic and Cultural Office in the Field of Trade, Investment and other Economic Matters from the Office of the President to the Department of Trade and Industry

MALACAÑANG
Manila

BY THE PRESIDENT OF THE PHILIPPINES

EXECUTIVE ORDER No. 426 May 16, 2005

TRANSFERRING THE SUPERVISION OF THE MANILA ECONOMIC AND CULTURAL OFFICE IN THE FIELD OF TRADE, INVESTMENT AND OTHER ECONOMIC MATTERS FROM THE OFFICE OF THE PRESIDENT TO THE DEPARTMENT OF TRADE AND INDUSTRY

WHEREAS, the Department of Trade and Industry (DTI) is the primary coordinative, promotive, facilitative, and regulatory arm of the Executive Branch of government in the area of trade, industry and investment;

WHEREAS, the Manila Economic and Cultural Affairs (MECO) was established to promote, among others, cooperation in the field of economic, trade and cultural matters between the Philippines and Taiwan on a people to people basis;

WHEREAS, in order to facilitate coordination of policies and programs between these entities in the fields of trade, investment and economic matters, it is necessary for the Secretary of Trade and Industry to exercise supervision of MECO in these matters.

NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the Republic of the Philippines, by virtue of the powers vested in...

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Summary of Executive Order No. 426

Policy Supervision of Manila Economic and Cultural Office (MECO)
- The Department of Trade and Industry (DTI) shall exercise policy supervision over MECO's functions in the field of trade, investment, and other economic matters. (Section 1)
- This order repeals, modifies, or amends Executive Order No. 328 s. 2004 and other issuances inconsistent with this order. (Section 2)
- This Executive Order takes effect immediately. (Section 3)