Powers and Functions of the Board.
Section 2
SEC. 2. Powers and Functions of the Board.—The Board shall have in addition to its general powers of administration the following powers and functions: To oversee the implementation of the garments and textile agreements between the Republic of the Philippines and other countries, particularly the administration of garments and textile quotas; To approve quota allocations, and export authorizations, to issue export licenses and to adopt the necessary measures to expedite the processing of the same; To provide on a regular basis the necessary information and statistics relating to the administration of garments and textile quotas and the flow of garments and textile exports, for monitoring purposes and in order to obtain maximum benefits from textile negotiations with other countries; To promulgate, subject to the prior approval of the National Economic and Development Authority, and implement, all rules and regulations to carry out all international textile agreements entered into between the Republic of the Philippines and importing countries; To fix and collect reasonable fees for the issuances of export quotas, export authorizations, export licenses and other related services, in accordance with the criteria specified in the rules and regulations.