Statement of policy; creation and composition of the Philippine Shippers' Council.
Section 2
SEC. 2. Statement of policy; creation and composition of the Philippine Shippers' Council. — It is hereby declared the policy of the State to facilitate the development and growth of Philippine foreign trade and the national economy by enhancing the interest of Philippine shippers. For this purpose, a non-stock corporation to be known as the Philippine Shippers' Council, hereinafter referred to as the Council, is hereby created which shall be composed of all enterprises regularly engaged in the Philippines in the business of exporting commodities, except those firms with efficient chartering operations which shall be given the option to join as members of the Council, as well as other firms which may, in the general interest, be excluded under rules to be promulgated by the Secretary of Trade and Tourism.