Legal Authority and Basis
- The creation of the subport is pursuant to Section 702 of Republic Act No. 1937.
- The establishment follows a recommendation from the Secretary of Finance, indicating executive and administrative endorsement.
Administrative and Operational Implications
- Being designated a subport of entry means the Port of Tagbilaran can process imports and customs-related activities locally.
- It functions under the overarching customs collection district of the Port of Cebu, implying coordination and administrative linkage.
Formalization and Effectivity
- The Executive Order is formally signed and dated July 6, 1961, in Manila.
- This act reflects the policy decision of the President of the Philippines and is formally promulgated through the Executive Secretary.
Importance and Context
- The opening of the Port of Tagbilaran as a subport facilitates trade and customs processing in Bohol region.
- It aims to improve logistics, reduce congestion at the main port, and enhance regional economic activity.