Preamble
WHEREAS, there is an immediate need to increase the country's foreign exchange resources and to this end, it is necessary to expand foreign trade through the promotion and diversification of the country's export products and services, especially construction and engineering services; WHEREAS, a number of producers and exporters, including those engaged in non-tradition products, has been found to be economically viable in the export trade but unable to expand operations due to the inadequacy of existing credit facilities; WHEREAS, there is a need to improve, supplement and expand existing credit facilities so as to adequately meet credit requirements for exports, particularly non-traditional products and services; and WHEREAS, to attain these ends, it is desirable and necessary that the Government, in a joint venture with the private sector, establish an implementing body corporate. NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution, do hereby order and decree: