Preamble
WHEREAS, it is the policy of the state to encourage, promote and diversify exports of services and of manu facturers 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 greatly improved export climate in the country and considering the stimulus offered by the in flow of domestic and foreign investments in these export industries; WHEREAS, there is a need for sustained efforts in promoting effective marketing of export products, using sound marketing concepts and principles; WHEREAS, any investment put into the country's participation in international export promotion and export development activities should provide for the establishment of continuing trade with the country sites of these activities; WHEREAS, the Tokyo International Trade Fair is a major and well-publicized Japanese trade exposition, with recorded performances of US$25,147,000,000 total value of business generated, and around 700,000 visitors and foreign buyers attending the ten-day 11th Tokyo International Trade Fair in 1975; WHEREAS,, in order to achieve the foregoing objectives there is a need to provide for the implementation of an intensive export development drive in Japan and to authorize for the purpose an official Philippine participation at the Tokyo International Trade Fair in 1977, a project that shall entail substantive costs and therefore require the availment of the joint financial assistance of the Government of the Philippines and the private, export-oriented sectors of the Philippines; and WHEREAS, there is a need to grant authority to the Department of Trade, in cooperation with the private export sector, to endorse and undertake a fund-raising campaign to generate funds support for activities necessary to carry out more effectively the objectives of said export development drive and participation, 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: