Section 5
SEC. 5—Governing Council. The powers and functions of the Export Council shall be exercised by a Governing Council which shall be composed of the following: The Secretary, Department of Trade; The Secretary, Department of Industry; The Director-General, National Economic and Development Authority; The Secretary, Department of Agriculture; The Secretary, Department of Natural Resources; The Secretary, Department of Foreign Affairs; The Secretary, Department of Finance; The Governor, Central Bank of the Philippines; The President, Philippine International Trading Corporation; and The President, Philippine Export Council. The members shall sit in the Governing Council on an ex-officio basis. In case of any disability of any of such officials to attend meetings of the Governing Council, the designated representative or the official next in rank shall sit in place of such official unable to attend. The Chairman of the Governing Council will concurrently be the full-time President of the Export Council. He will be preferably drawn from the private sector and shall be appointed by the President of the Philippines for a term of three (3) years. In the absence or incapacity of the Chairman, the Secretary of Trade shall preside over the meetings of the Governing Council.