Law Summary
Composition and Legal Effect of the Eighth Regular Foreign Investment Negative List
- Areas and activities reserved for Filipinos are listed in an annex to the order
- Specifies exact percentage limits on foreign equity participation for each reserved sector
- The List serves as the binding authoritative guide on foreign investment restrictions
Procedures for Amendment of the Negative List
- List A: Subject to amendments anytime to reflect changes in specific laws
- List B: Amendments permitted no more frequently than once every two years
- Amendment provisions pursuant to Section 8 of RA 7042 and its Implementing Rules and Regulations
Effect on Previous Orders and Implementing Rules
- Repeals or modifies all previous orders, issuances, rules, regulations, or parts inconsistent with this Executive Order
Effectivity and Publication
- The Order becomes effective 15 days after its publication in a newspaper of general circulation
- Adoption date: February 5, 2010
This Executive Order governs foreign investment limits in the Philippines by establishing the eighth iteration of the Negative List, ensuring that certain areas remain reserved for Filipino investors and that foreign equity participation complies with prescribed percentages. It provides a clear mechanism for updating restrictions in adherence to prevailing laws, maintaining government oversight of foreign investments within specified economic sectors.