PD 1402 Section 2

Declaration of Policy.

Section 2

SEC. 2. Declaration of Policy.—It is hereby declared to be the policy of the Government to promote the welfare, economic progress and industrialization of the country through the effective development of the iron and steel industry. Accordingly, the creation of an organized corporate entity is necessary to assure an adequate or increased supply at all times of iron and steel products at reasonable cost to all users for the accelerated economic growth and industrialization of the country and the region.

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Other provisions in PD 1402

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationPD 1402 Section 2 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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