Philippines-US Revised Trade Agreement Proclamation

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PROCLAMATION NO. 216: Philippines-US Revised Trade Agreement Proclamation

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Title Supreme Court: Philippines-US Revised Trade Agreement Proclamation

Law: Proclamation No. 216

Decision Date: Nov 28, 1955

Proclamation No. 216 announces the revised Agreement between the Republic of the Philippines and the United States of America concerning Trade and Related Matters during a Transitional Period following the institution of Philippine Independence, establishing a framework for trade and economic cooperation between the two countries during the transitional period.

revised agreement

united states of america

A

Signing and Scope of Revised Agreement

On September 6, 1955, the Presidents of the Philippines and the U.S., through authorized representatives, signed the revised trade agreement in Washington.
This revised agreement updates the original Trade Agreement from July 4, 1946.
It covers trade and related matters during the transitional period after Philippine independence.

Clarification of Agreement Provisions

On the same day as the signing, the two governments exchanged notes for clarifications.
These clarifications pertain to specific provisions of the revised agreement.
The exchange ensures mutual understanding of terms for implementation.

Effectivity and Proclamation Requirements

Section 3 of Republic Act No. 1355 mandates the President of the Philippines to proclaim the revised agreement if entered into before January 1, 1956.
Upon proclamation, the agreement becomes effective and binding on the Philippines as per its terms.

U.S. Proclamation of Revised Agreement

The U.S. President proclaimed the revised agreement on October 26, 1955.
This proclamation includes the revised agreement, its Protocol, Annexes, and related exchange of notes.
It was done pursuant to the Philippine Trade Agreement Revision Act of 1955 passed by the U.S. Congress.

Philippine Presidential Proclamation

The Philippine President, Ramon Magsaysay, proclaimed the revised trade agreement on November 28, 1955.
The proclamation made the agreement, including all articles, clauses, protocols, annexes, and notes, publicly binding.
It specified that the agreement would be observed by the Philippines and its citizens beginning January 1, 1956.

Formalization and Legal Effect

The proclamation was executed in Manila, signed by President Magsaysay and Assistant Executive Secretary Mariano Yenko, Jr.
The affixing of the seal of the Republic formalized its legal effect.
This act signifies the Philippines' commitment to uphold and implement the revised trade relations with the U.S. during the transitional post-independence period.

END