Preamble
WHEREAS, national economic growth demands a sustained contribution in foreign exchange generation by the ex-port sector; WHEREAS, there is a need to develop and implement a national export strategy designed to achieve a significant increase in export earnings; WHEREAS, there is a need to establish a mechanism for the direct and continuing involvement of the private sector in the formulation and implementation of the government export strategy; WHEREAS, there is a need to establish an institution to serve as the focal point for government and private sector, cooperation in the promotion of Philippine products: WHEREAS, the effective implementation of an export promotion strategy requires that such an institution be capable of flexible and dynamic action and be vested with appropriate authority to operate under a high degree of autonomy; WHEREAS, such an institution will provide the mechanism to compete with other countries which have adopted similar institutions designed to optimize their export strategy through encouraging and stimulating joint government and private action for export expansion. 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 the following, to form part of the laws of the land: