Section 1
SECTION 1.—Declaration of Policy. It is hereby declared to be the policy of the government to encourage promote, expand and diversify exports to existing and prospective markets in order to generate employment and income, improve the balance of payments, and hasten the economic development of the nation. It is further declared to be the policy of government to encourage and support private sector producers and traders in the promotion of Philippine commodities and products in international markets and; based on national economic policies and consistent with fiscal policy, to maximize direct private sector participation in the implementation of government export assistance.