Preamble
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 revision of Presidential Decree No. 941, dated 29 May 1976, which shall henceforth read in its entirety as follows: WHEREAS, national economic growth demands a sustained contribution in foreign exchange generation by the export sector; WHEREAS, there is a need to develop and implement a national export strategy designed to achieve a significant increase in export earnings; WHEREAS, since the private sector bears the actual task of generating export earnings, there is a need to establish a mechanism for the direct and continuing involvement of that sector in the formulation and implementation of a national export strategy; WHEREAS, such a mechanism can be achieved thru the creation of a semi-government institution to serve as the focal point for government and private sector cooperation in the development and promotion of Philippine products and services for export; WHEREAS, the effective implementation of a national export 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 country with a competitive and responsive export trade mechanism, as has been demonstrated in other countries that have adopted similar institutions designed to optimize their export strategy and performance thru the encouragement and stimulation of joint government and private sector action for export expansion. NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by vitue of the powers vested in me by the Constitution do hereby order and decree: