Question & AnswerQ&A (EXECUTIVE ORDER NO. 289)
The primary purpose is to provide land for the Philippine Trade Center through a long-term lease to the accredited export organization, in accordance with Republic Act No. 7844 (the Export Development Act of 1994).
Republic Act No. 7844, otherwise known as the Export Development Act of 1994 (EDA Law), mandates that the government provides land for Philippine Trade Centers through a land grant or long-term lease to the accredited organization.
The Philippine Exporters Confederation Inc. (PHILEXPORT), a non-profit, non-stock corporation accredited by the Export Development Council (EDC), is the authorized organization.
The Secretary of Trade and Industry (DTI) is authorized to negotiate, sign, and execute the long-term lease contract on behalf of the National Government.
The lease contract is for a term of three (3) years, and it is made assignable to the next export organization duly accredited by the EDC after the term.
The lease rate for the land is fixed at One Thousand Pesos (P1,000.00) per year.
Yes, the accredited export organization may enter into a sublease of the land with other organizations or firms for setting up the Philippine Trade Center and the World Trade Center, provided that the revenue earned is used solely for the development and promotion of exports, as stated in R.A. No. 7844.
The accredited organization is required to render regular reports to the Export Development Council (EDC), which oversees the use of the funds and formulates guidelines to ensure proper utilization within ninety (90) days from the effectivity of the Order.
The capital structure of CITEM under Executive Order No. 989 is modified to comply with the provisions of Executive Order No. 289 regarding the parcels of land involved. The Board of Governors of CITEM will implement, determine, and approve such modifications.
All executive orders, particularly provisions in Executive Order No. 989 referring to the above-described parcels of land, inconsistent with this Executive Order, are deemed amended, repealed, or modified accordingly.