Section 2
SEC. 2. Section 8(d) of Presidential Decree No. 218 is hereby amended to read as follows: "SEC. 8 (d). Any willful violation by the regional or area headquarters of a multinational company of any provisions of this Decree, or its implementing rules and regulations, or other terms and conditions of its registration, or any provision of existing laws, shall constitute a sufficient cause for the cancellation of its license or registration. For this purpose, the Secretary of Trade shall, in consultation with the Director-General of the National Economic and Development Authority, issue regulations governing the operations of said regional or area headquarters in the Philippines necessary for the effective implementation of this Decree."