Law Summary

Purpose of the Letter

The Letter of Instructions No. 215 outlines government directives aimed at enhancing economic cooperation and trade between the Philippines and the People's Republic of China following a goodwill visit by the First Lady.

• Objective: To increase and accelerate economic cooperation and trade between China and the Philippines.
• Rationale: The goodwill visit is expected to facilitate the implementation of trade agreements.

Constitution of the Ad Hoc Committee

An Ad Hoc Committee is formed to oversee the implementation of trade and economic agreements with China.

• Composition:

  • Chairman: Director General of the National Economic Development Authority.
  • Members:
    • Secretary of Industry
    • Secretary of Agriculture
    • Secretary of Trade
    • Secretary of Public Works
    • Chairman of the Philippine National Oil Company
    • A representative of the private sector designated by the President.

• Authority: The Committee is empowered to take necessary actions to ensure the effective implementation of agreements.

Powers and Responsibilities of the Committee

The Ad Hoc Committee is granted specific powers to regulate economic activities related to the agreements with China.

• Regulatory Authority:

  • May regulate and/or control the import and export of products.
  • Can manage distribution and marketing patterns in the domestic market.

• Distribution Powers:

  • Authority to allocate and distribute products and supplies among businesses in the Philippines.
  • Decisions must align with national interest and necessary terms and conditions.

Implementation Measures

The Ad Hoc Committee is responsible for taking actions necessary to maximize the economic benefits from the agreements.

• Implementation Steps:
  • The Committee may delegate responsibilities to other government agencies or instrumentalities.

Conclusion

The Letter is formally issued in Manila on September 25, 1974, signed by Ferdinand E. Marcos, President of the Philippines.

• Date of Issuance: September 25, 1974.
• Location: City of Manila.

Key Takeaways

• The Ad Hoc Committee is established to facilitate trade agreements between the Philippines and China.
• The Committee is composed of high-ranking officials and a private sector representative.
• It holds regulatory powers over imports, exports, and distribution of affected products.
• The emphasis is on maximizing economic benefits while adhering to national interests.