EXECUTIVE ORDER NO. 462

: Executive Order No. 462 designates the National Economic and Development Authority (NEDA) as the coordinating entity of the Philippine government on Economic and Social Commission for Asia and the Pacific (ESCAP) matters.
: The Philippine Committee on ECAFE Matters, created under Administrative Order No. 157 dated June 5, 1951, and amended by Administrative Order No. 25 dated September 27, 1962, was abolished.
: Its functions and records were transferred to the National Economic and Development Authority (NEDA).
: The reorganization of ECAFE into ESCAP underscored the need for a coordinating body whose functions relate directly to ESCAP activities, particularly policy decisions in social and economic development.
: NEDA coordinates government activities and policy decisions that pertain to social and economic development matters related to ESCAP.
: ESCAP stands for the Economic and Social Commission for Asia and the Pacific, the reorganized entity from the Economic Commission for Asia and the Far East (ECAFE).
: It abolishes the Philippine Committee on ECAFE Matters, which was created under Administrative Order No. 157 (June 5, 1951) and amended by Administrative Order No. 25 (September 27, 1962).
: The designation was made by virtue of the powers vested in President Marcos by law, as stated in the Executive Order.
: Coordination is required mainly for policy decisions in the fields of social and economic development related to ESCAP functions.