Title
Designation of ACCFA for Ramie Fiber Trade
Law
Executive Order No. 129
Decision Date
Sep 23, 1955
Ramon Magsaysay designates the Agricultural Credit and Cooperative Financing Administration (ACCFA) as the official agency responsible for the purchase and export of ramie fiber, as well as the importation of ramie goods processed from 100% Philippine-grown ramie fiber.
A

Q&A (EXECUTIVE ORDER NO. 129)

The Agricultural Credit and Cooperative Financing Administration (ACCFA) is designated as the government agency to manage the purchase, exportation, and importation activities related to ramie fiber and ramie goods.

The order covers the purchase and exportation of ramie fiber and the importation of ramie goods processed abroad from 100 percent Philippine-grown ramie fiber.

Executive Order No. 129 is issued pursuant to the provisions of Republic Act No. 1392, which provides the legal basis for the government's involvement in the ramie fiber industry.

No, the importation allowed under the order is limited to ramie goods processed from 100 percent Philippine-grown ramie fiber only.

Executive Order No. 129 was signed on September 23, 1955.

Fred Ruiz Castro, the Executive Secretary, signed the order on behalf of the President.

ACCFA is authorized to handle ramie fiber grown in the Philippines only.

Executive Order No. 129 is an administrative order issued by the President of the Philippines, implementing provisions of a legislative act (Republic Act No. 1392).


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