Sec. 4
Powers and Functions
Sec. 4. Powers and Functions. In line with its primary responsibility, the Board shall exercise the following powers and functions:
a. To study and analyze the international market for specific products in which the Philippines has or can develop absolute or relative advantage, given its labor costs, its actual or potential level of technology, production capability, power rates, market leverage for such products, and other determinants of production, pricing practices and marketing strategies;
b. On the basis of its findings, to submit, from time to time, to the President of the Philippines for approval a list of export products in which the Philippines presently has or can develop a relative or comparative advantage in the international market and for which it has existing or potential productive capacity and competitive efficiency;
c. To encourage the installation or expansion of productive export capacity for processing, manufacturing, or fabricating the products included in the list approved by the President of the Philippines, and the promote the same to the extent necessary to achieve optimum entry into target markets;
d. To endorse to the Board of Investments, any project proposal for export products under a bonded manufacturing facility whenever such project qualifies for incentives under the Export Incentives act, the Investment Incentive Act and/or other applicable laws;
e. In consultation and coordination with the Bureau of Customs, to regulate and administer all bonded manufacturing sites, established by virtue hereof, with the end in view of insuring operational efficiency, and preventing the diversion of imported components of export products to the domestic markets;
f. To identify and designate the specific sites which export bonded manufacturing facilities shall be located and, in connection therewith, to formulate and adopt, in so far as may be practicable, a regional dispersal policy for the export industry;
g. To recommend and indorse for assistance to the Philippine National Bank, the Development Bank of the Philippines, and other government-owned or controlled financial institutions, specific export projects and ventures found to be viable;
h. To initiate studies on the development or maintenance of the absolute or comparative advantage of export products, included in the list approved by the President of the Philippines, in relation to wage structure, power rates, terms of trade for imported components, re-export values, shipping cost, labor productivity, levels of technology used, and other significant factors essential to the determination of marketability and competitive position;
i. To design and implement an informational and feed back system which will adequately monitor the inflow and outflow of goods in terms of volume, prices, value added, mark-ups, intensiveness of labor in-puts, percentage of local content, and specific international markets;
j. To undertake such studies as may be required to formulate recommendations on the feasibility of utilizing indigenous materials as substitutes for imported in-puts to production of Philippine export goods; or the local fabrication of manufacturing equipment; and, for this purpose, to initiate studies or enter into other arrangements with private or public research institutions under such terms of engagement as may be required;
k. To promulgate rules and regulations which will facilitate the export of products covered by this Executive Order and achieve sound competitive practices in the import-re-export trade on products subject to the provisions hereof;
l. To monitor compliance with bilateral treaties, if any, affecting products manufactured under the bonded warehouse manufacturing system and to distribute quotas or export authorizations in accordance with a fair, reasonable, and orderly framework of allocation to be prescribed by the Board; and
m. To promulgate and enforce such rules and regulations as may be necessary to administer the provisions hereof.