Amending E.O. No. 285 s. 2004 Re: Rationalization of the Operations of the Garments and Textile Export Board

March 10, 2006

EXECUTIVE ORDER NO. 285-A

AMENDING EXECUTIVE ORDER NO. 285 (S. 2004) DIRECTING THE RATIONALIZATION OF THE OPERATIONS OF THE GARMENTS AND TEXTILE EXPORT BOARD (GTEB)

WHEREAS, Executive Order No. 285 dated February 23, 2004 directed the deactivation of the GTEB by 2005 by virtue of the abolition of quotas that GTEB was primarily tasked to administer; aHTCIc

WHEREAS, the same Executive Order directed the transfer of GTEB's residual functions to appropriate units of the Department of Trade and Industry (DTI); and for the DTI Secretary to prepare and implement a winding up plan for the deactivation of the GTEB;

WHEREAS, while GTEB has to be deactivated, support services for the garments and textile sector have to be continued and strengthened through the DTI, given the evolving business and market realities resulting from globalization;

WHEREAS, GTEB, during its operations, realized earnings from quota fees and other services maintained in its corporate fund;

WHEREAS, under Section 45, Chapter 5, Book VI of the Administrative Code of 1987 as reiterated under Executive Order 431, a Permanent Committee has been constituted to supervise the Special Fund covering revenues of government entities; aESIDH

WHEREAS, there is a need to amend Executive Order No. 285 so as to clarify and insure proper and orderly disposition of GTEB's corporate funds after its deactivation;

NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the Philippines, by virtue of the powers vested in me by law, do hereby order:

SECTION 1. New sections are hereby added after Section 2 of Executive Order No. 285, to read as follows:

"SECTION 2-A. Disposition of GTEB's Corporate Funds. — A Special Fund shall be created out of the GTEB corporate funds subject to the review, evaluation, and appropriate resolve by the Permanent Committee (PC) constituted pursuant to Section 45, Chapter 5, Book VI of the Administrative Code of 1987, as reiterated under Executive Order No. 431. DAcSIC

SECTION 2-B. Purpose of the Fund. — The Special Fund shall be used by the DTI for programs of the garments and textile sector consistent with the Garments Industry Transformation Plan."

SECTION 2. All executive orders, issuances, administrative rules and regulations or parts thereof inconsistent with this Executive Order are hereby repealed or modified accordingly.

SECTION 3. This Executive Order takes effect immediately upon its approval.

DONE in the City of Manila, this 10th day of March, in the year of Our Lord, Two Thousand and Six. ASEcHI