100 OG. No. 44, 7293 (Nov. 1, 2004)
WHEREAS, the Philippine International Trading
Corporation (PITC), created by virtue of Presidential Decree No. 252 (s.
1973), as amended, has been designated as a key agency in the
implementation of the President's 10-Point Legacy that will be pursued
by her administration in the next six (6) years;
WHEREAS, under
Executive Order No. 326 issued on July 9, 2004, the Governing Board of
the PITC was reorganized for greater coordination and supervision;
WHEREAS,
under Section 15(4), Chapter 7, Title X, Book lV of the Administrative
Code of 1987, the PITC is classified as a line corporate agency and
government entity under the Department of Trade and Industry (DTI),
under the supervision of the Undersecretary for International Trade;
WHEREAS,
in order to closely monitor and oversee the efficient and effective
implementation of the Government's commitment under the President's
10-Point Legacy, there is a need to transfer the PITC from the DTI to
the Office of the President;
WHEREAS, under Section 31, Chapter
10, Title lll, Book lll of the Administrative Code of 1987, the
President has the continuing authority to reorganize the administrative
structure of the Office of the President;
NOW, THEREFORE, I,
GLORIA MACAPAGAL-ARROYO, President of the Republic of the Philippines,
by virtue of the powers vested in me by law;
SECTION 1. Transfer.
- The Philippine International Trading Corporation (PITC) is hereby
transferred from the Department of Trade and Industry to the Office of
the President.
SECTION 2. Repealing Clause. - All
executives issuances, rules and regulations or parts thereof which are
inconsistent with this Executive Order are hereby revoked, amended, or
modified accordingly.
SECTION 3. Effectivity. - This Executive Order shall take effect immediately.
Adopted: 09 Aug. 2004
(SGD.) GLORIA MACAPAGAL-ARROYO
President of the Philippines
By the President:
(SGD.) ALBERTO G. ROMULO
Executive Secretary