Mode of Creating Export Industry Authorities.
Section 2
SEC. 2. Mode of Creating Export Industry Authorities. — For the implementation of the policy set forth herein, export industry authorities shall be established, upon recommendation of the National Economic and Development Authority, hereinafter called the 'NEDA,' to regulate the operations of particular export industry or industries. Such authorities shall come into existence upon approval by the President. Unless the President prescribes the contrary, the authorities shall be established along the organizational lines and with the powers herein provided.