Section 1
SECTION 1. To provide a formal institutional framework for the promotion of foreign trade and the development of domestic industries by carrying on the following interrelated functions and activities: engaging in and handling for Philippine and third country enterprises, through methodologies, systems, devices, and facilities intended to achieve economies of scale and better terms of trade for Philippine businesses, both foreign procurement as well as foreign marketing and distribution; arranging for or establishing comprehensive facilities for handling all phases of warehousing, and developing and operating physical facilities for the collection, processing and distribution of cargoes and other commodities; obtaining or arranging more comprehensive protection for activities undertaken or commodities dealt with by the Corporation by monitoring or coordinating risk insurance services from existing institutions or supplementing the same; employing, utilizing, monitoring trade promotions services, facilities and activities that are available or are being undertaken by other government or private agencies; promoting, organizing and reorganizing, whenever warranted, production enterprises and industrial establishments, and collaborating and associating in joint ventures with any person, association, company or entity, whether domestic or foreign, in the fields of production, marketing, procurement and such other related businesses; and providing technical, advisory, investigatory, consultancy and management services with respect to any and all of the foregoing functions, activities and operations of the Corporation.