Amendments to A.O. No. 58

March 1999

ADMINISTRATIVE ORDER NO. 58-A

AMENDING ADMINISTRATIVE ORDER NO. 58 DATED 4 MARCH 1999 "CONSTITUTING THE PETROCHEMICAL AND PLASTICS MOBILIZATION TASK FORCE, PRESCRIBING ITS FUNCTIONS AND FOR OTHER PURPOSES" AND RENAMING IT AS THE PETROCHEMICAL INDUSTRY COMPETITIVENESS BOARD

WHEREAS, the Petrochemical and Plastics Mobilization Task Force was constituted to provide support for the full development of the petrochemical and plastics industries;

WHEREAS, there is a need to rationalize the functions and reconstitute the composition of the Petrochemical and Plastics Mobilization Task Force to ensure the global competitiveness of the petrochemical and plastics industries under a regime of fair and open trade;

NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, President of the Republic of the Philippines, by virtue of the powers vested in me by law, do hereby amend Administrative Order No. 58 dated 4 March 1999 and order the following:

SECTION 1.  Reconstituting and Renaming the Petrochemical and Plastics Mobilization Task Force. — Section 1 of AO 58 is hereby revised to read as follows:

"Section 1.  The Petrochemical and Plastics Mobilization Task Force is hereby reconstituted and renamed as the Petrochemical Industry Competitiveness Board. The Board shall be composed of representatives from the following:

Department of Trade and Industry	—	Chairman
Department of Finance	—	Member
National Economic and Development
	Authority	—	Member
Tariff Commission	—	Member
Bangko Sentral ng Pilipinas	—	Member
Office of the Presidential Adviser
	On Economic Affairs and Flagship Projects	—	Member
PNOC-Petrochemical Development Corporation	—	Member
Association of Petrochemical Development
	Corporation	—	Member
Philippine Plastic Industrial Association	—	Member"

SECTION 2.  Functions of the Petrochemical Industry Competitiveness Board. — Section 2 of AO 58 is hereby revised to read as follows:

"Section 2.  The Petrochemical Industry Competitiveness Board shall act as a research and coordinating body responsible for the development of the competitiveness of the petrochemical and plastics industries. It shall have the following functions:

a.  Undertake research and formulate policies and recommend measures to promote full development of the petrochemical and plastics industries, including the rationalization of these industries, the enhancement of technology and human resource development;

b.  Monitor and coordinate the effective implementation of policies and programs on the petrochemical and plastic industries; and

c.  Closely work and call on existing government and private sector agencies and other bodies to ensure the effective performance of its functions."

SECTION 3.  Reporting and Administrative Support. — Section 3 of AO 58 is hereby revised to read as follows:

"Section 3.  The Department of Trade and Industry, through the Board of Investments, shall provide administrative and secretariat support to the Board. It shall prepare and submit periodic reports to the President on the programs and activities of the Board. For this purpose, the Department of Budget and Management shall provide appropriate funding support for the operation of and administrative support to the Board."

SECTION 4.  Repealing Clause. — All issuances, orders, rules and regulations or parts thereof which are inconsistent with the provisions of this Administrative Order are hereby repealed and/or modified accordingly.

SECTION 5.  Effectivity. — This Administrative Order shall take effect immediately.

DONE in the City of Manila, this day of March, in the year of Our Lord, Nineteen Hundred and Ninety-Nine.