Law Summary
Amendment to the Composition of the Industry Development Council
- Executive Order No. 480 amends EO No. 380 to include the Secretary of Environment and Natural Resources (DENR) as a member of the IDC.
- This inclusion acknowledges the importance of integrating sustainable development perspectives in industrial promotion.
- The DENR's membership facilitates the resolution of environmental concerns related to local industries.
Detailed Composition and Membership of the IDC
- Chairman: Secretary of Trade and Industry.
- Vice-Chairmen: Presidents of the Philippine Chamber of Commerce and Industry, Inc. and Federation of Philippine Industries, Inc.
- Members:
- Secretary of Finance
- Secretary of Agriculture
- Secretary of Foreign Affairs
- Secretary of Science and Technology
- Secretary of Labor and Employment
- Director General of the National Economic and Development Authority
- Governor of the Bangko Sentral ng Pilipinas
- Secretary of Environment and Natural Resources
- Seven (7) Representatives from the Private Sector.
Powers and Functions
- Although specific powers and functions are not detailed in the amendment, the IDC functions as a coordinating mechanism.
- Tasked to collectively enhance the overall competitiveness and sustainable development of the local industries through government-private sector cooperation.
Effectivity Provision
- The amendment (Executive Order No. 480) takes effect immediately upon signing on April 27, 1998.
- Reinforces the presidential authority vested by law in amending prior executive orders.
Legal Authority and Formalities
- The amendment was signed by the President of the Republic of the Philippines, Fidel V. Ramos.
- The President acted pursuant to powers granted by law.
- Executive Secretary Alexander P. Aguirre countersigned the Order.
- Document executed in Manila, giving formal and official effect to the amendment.