Authority of PICOP to Import Newsprint Duty-Free
Letter of Instructions No. 836, issued on March 26, 1979, by President Ferdinand E. Marcos, addresses a potential shortfall of up to 12,000 metric tons of newsprint in the Philippines. The directive allows the Paper Industries Corporation of the Philippines (PICOP) to import this quantity of newsprint duty-free, due to its inability to meet current market demands, especially for non-traditional uses like grade school pads. PICOP is mandated to sell the imported newsprint at prices comparable to locally manufactured products. This measure aims to ensure a stable supply of newsprint amid potential disruptions.
Law Information
- Reference Number
- Letter of Instructions No. 836
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
March 26, 1979
LETTER OF INSTRUCTIONS NO. 836
| TO | : | The Governor, Central Bank of the Philippines |
| The Ministry of Finance | ||
| The Ministry of Trade | ||
| The Ministry of Industry | ||
| The Director-General, NEDA |
WHEREAS, the current market demand and supply estimates for newsprint indicate a potential shortfall of up to 12,000 metric tons;
WHEREAS, this gap may be aggravated should there be a shutdown of the Paper Industries Corporation of the Philippines' (PICOP's) Bislig Mill or interruption of supply channels by bad weather or other causes; acd
WHEREAS, the importation of newsprint is necessitated by the present inability of PICOP to supply the demand for newsprint specially for non-traditional uses such as for grade school pads;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the power vested in me by the Constitution, do hereby order the importation by the Paper Industries Corporation of the Philippines (PICOP) from time to time of up to 12,000 metric tons of newsprint free of import duties: Provided, That PICOP shall sell the imported newsprint at prices no higher than those prevailing for those locally manufactured.
DONE in the City of Manila, this 26th day of March, in the year of Our Lord, Nineteen Hundred and Seventy-Nine.
Cite This Law
Authority of PICOP to Import Newsprint Duty-Free, Letter of Instructions No. 836, Mar 26, 1979 (Philippines)
Authority of PICOP to Import Newsprint Duty-Free, Letter of Instructions No. 836 (Phil. 1979)
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