WHEREAS, national economic growth demands a sustained
contribution in foreign exchange generation by the ex-port sector;
WHEREAS, there is a need to develop and implement a national
export strategy designed to achieve a significant increase in export
earnings;
WHEREAS, there is a need to establish a mechanism for the
direct and continuing involvement of the private sector in the
formulation and implementation of the government export strategy;
WHEREAS, there is a need to establish an institution to
serve as the focal point for government and private sector, cooperation
in the promotion of Philippine products:
WHEREAS, the effective implementation of an export promotion
strategy requires that such an institution be capable of flexible and
dynamic action and be vested with appropriate authority to operate
under a high degree of autonomy;
WHEREAS, such an institution will provide the mechanism to
compete with other countries which have adopted similar institutions
designed to optimize their export strategy through encouraging and
stimulating joint government and private action for export expansion.
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 the following, to form part of the laws of
the land: