EXECUTIVE ORDER NO. 259

: The title is "An Act to Rationalize the Soap and Detergent Surfactant Industry and thereby promote and expand the utilization of coconut oil."
: The State encourages the establishment of commercial activities and industries geared towards the production of goods and services using indigenous raw materials and resources.
: The policy of the State is to ensure a clean and safe environment.
: To promote and expand the utilization of chemicals derived from coconut oil and to assist coconut farms by increasing extensive utilization of coconut oil.
: It requires increasing local content in the usage of raw materials that do not endanger the environment to a minimum of 20% in the first year, 40% in the second year, and 60% from the third year onwards.
: Yes, the importation of raw materials and finished products of the industries covered by the rationalization program may be restricted subject to guidelines set by the Board of Investments (BOI).
: The Board of Investments is empowered to issue guidelines necessary to fully implement the intent of this Executive Order.
: Presidential Decree No. 1863, as amended, is hereby repealed.
: It took effect immediately upon its issuance on July 25, 1987.