Definition of Terms.
Section 2
SECTION 2. Definition of Terms.—For purposes of this Decree: "Governing Council" shall mean the Governing Council of the Philippine Export Council created under P.D. 941; "Committee" shall mean the Committee on Accredited Trading Companies created under this Decree; "Accredited Trading Companies" shall mean corporations duly incorporated, organized and existing under Philippine laws, of which at least 60% of the capital stock outstanding and entitled to vote is owned and held by Filipino citizens, and duly accredited in accordance with this Decree; "Non-Traditional Export Products" shall refer to export products the total F.O.B. Philippine Port value of the export of which did not exceed five million U.S. dollars (US $5,000,000) in 1968.