Executive Order No. 480 (1998) — the Industry Development Council was created on 2 December 1996, pursuant to Executive Order No. 380, to serve as a coordinating mechanism for the concerted and collective efforts of the government and private sectors to create a favorable business climate that will enhance the growth and expansion of our local industries;

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Section 1

Section 1. Inclusion of DENR in the Council's Membership. — Section 2 of Executive Order No. 380 is hereby amended to read as follows:

Section 2

Section 2. Composition: The Council shall be composed of the following:

Secretary of Trade and Industry - Chairman

Presidents of Philippine Chamber of Commerce and Industry, Inc. and Federation of Philippine Industries, Inc. - Vice-Chairmen

Secretary of Finance - Member

Secretary of Agriculture - Member

Secretary of Foreign Affairs - Member

Secretary of Science and Technology - Member

Secretary of Labor and Employment - Member

Director General of the National Economic and Development Authority - Member

Governor of the Bangko Sentral ng Pilipinas - Member

Secretary of Environment and Natural Resources - Member

Seven (7) Representatives of the Private Sector - Members

Section 3

Section 3. Effectivity. — This Executive Order shall take effect immediately.

DONE in the City of Manila, this 27th day of April, in the year of Our Lord, nineteen hundred and ninety-eight. 1a⍵⍴h!1

By the President:

(Sgd.) ALEXANDER P. AGUIRRE

Executive Secretary

Footnotes

* See said Executive Order in 8 VLD 2nd, p. 438.