Preamble
WHEREAS, the development and promotion of Philippine export is essential in the maintenance of a sustained economic growth, in providing for the basic means of generating much-needed foreign exchange, in keeping a favorable balance of payments, and in maintaining a stable position in international reserves; WHEREAS, there is a need to promote exports and facilitate the process of exportation through the adoption of simplified export procedures and standardized export documents; WHEREAS, in order to simplify export procedures, it is also necessary to expedite the processing of export documents by reassigning and/or re-aligning overlapping functions of certain specialized agencies of the government, by specifying the areas of authorities to be exercised, and by reducing the number of steps and the time involved in processing export documents; WHEREAS, in order to achieve a truly meaningful reformation of existing export procedures, it is necessary that all concerned agencies and offices of the government contribute to this effort by a constant review of their procedures and documentation activities for possible further simplification. NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree, as part of the law of the land, the adoption of simplified procedures to govern exports from the Philippines as follows: