Transfer MECO supervision to DTI

The order is issued by the President pursuant to powers vested by law, directing transfer of supervision.
Executive Order No. 426 recognizes the Department of Trade and Industry (DTI) as the Executive Branch arm for trade, industry, and investment.
Executive Order No. 426 recognizes that Manila Economic and Cultural Affairs (MECO) was established to promote cooperation between the Philippines and Taiwan, including in economic and trade matters on a people-to-people basis.
Executive Order No. 426 mandates supervision by the Secretary of Trade and Industry to facilitate coordination of trade, investment, and economic policies and programs.

Section 1 transfers policy supervision over MECO’s functions in the field of trade, investment and other economic matters to the Secretary of the Department of Trade and Industry.
Section 1 requires that the Secretary of DTI exercises supervision specifically for MECO’s trade, investment, and other economic matters activities.

Section 2 repeals, modifies, or amends accordingly Executive Order No. 328 (s. 2004).
Section 2 also repeals, modifies, or amends all other Executive Orders, issuances, rules and regulations that are inconsistent with Executive Order No. 426.
Section 2 operates to align existing rules with the transfer of supervision under Section 1.

Section 3 makes the operative transfer of supervision effective immediately upon issuance.
The effectivity rule ensures that DTI’s Secretary assumes the supervision role established in Section 1 without delay.