Removal of Vietnam from LOI No. 444 coverage

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EXECUTIVE ORDER NO. 275: Removal of Vietnam from LOI No. 444 coverage

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Title Supreme Court: Removal of Vietnam from LOI No. 444 coverage

Law: Executive Order No. 275

Decision Date: Aug 30, 2000

Executive Order No. 275 removes Vietnam from the list of countries covered by Letter of Instructions No. 444, recognizing Vietnam's transition towards an open economy and commitment to liberalize its markets, in order to develop and strengthen trade relations between the Philippines and Vietnam.

socialist republic of vietnam

list of countries covered

A

Economic Shifts in Vietnam

Vietnam has initiated reforms moving towards an open economy.
Committed to market liberalization and integration into global trade.

Vietnam's International Integration

Became a member of ASEAN and APEC.
In the process of joining the World Trade Organization (WTO).

Philippine Government Policy on Vietnam

Policies aimed at developing and strengthening trade relations with Vietnam.
Emphasis on removing barriers to trade between the two nations.

Reason for Deletion from LOI No. 444

Continued inclusion of Vietnam under LOI 444 is inconsistent with its evolving economic status.
Using the Philippine International Trading Corporation as intermediary creates unnecessary trade barriers.

Presidential Order

Directed the Committee on Scientific and Technical Cooperation with Socialist Countries to remove Vietnam from LOI No. 444 coverage.
Reflects adjustments in policy consistent with Vietnam’s new economic and international status.

Legal Authority and Effectivity

Order issued by President Joseph Ejercito Estrada under his lawful powers.
Effective as of August 30, 2000, in Manila.
Signed and promulgated by the President and Executive Secretary.

END