Section 11
SEC. 11. Any provisions of law to the contrary notwithstanding, import license shall be granted for the following: Commodities brought from abroad without requiring foreign exchange and imported for purposes of investment in the Philippines: Provided, That the proceeds from these goods shall be deposited in any bank and may not be withdrawn therefrom except upon proper showing to the depository bank that said proceeds will be invested in the Philippines. Goods imported from countries with which the Philippines has barter trade agreements, preference being given to producers who export to said countries.