Title
Funds for PH-US trade negotiations
Law
Commonwealth Act No. 414
Decision Date
Mar 13, 1939
Commonwealth Act No. 414 allocated funds from the Philippine Treasury to support negotiations between the President of the Philippines and the United States, aiming to enhance economic and trade relations between the two countries.
A

Scope and Purpose of the Negotiations

  • The negotiations referenced involve economic and trade relations specifically.
  • The objective is to find a basis for adjustment in these relations that benefits both nations collectively.

Effective Date

  • The Act takes effect immediately upon its approval by the National Assembly.

Legal Authority and Appropriations

  • The Act is an exercise of legislative authority to provide necessary funding without specifying the exact nature of expenses.
  • It reflects the government's commitment to continue diplomatic and economic discussions with a foreign power.

Key Legal Concepts

  • Appropriation of public funds for specific diplomatic purposes.
  • Discretion granted to the executive branch for expenditure related to international negotiations.
  • Emphasis on economic and trade relations as critical aspects of bilateral ties.
  • Legislative support facilitating international economic policy formulation through negotiation.

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