Home›Statutes›Executive Orders›Executive Order No. 73 (1993)
Executive Order No. 73 (1993)
under Republic Act No. 7103, otherwise known as the Iron and Steel Industry Act, it is thereby declared a policy of the State to promote industrialization through the immediate establishment of an integrated iron and steel industry that makes full and efficient use of human and natural resources taking into consideration its critical impact on employment, indigenous resources utilization, foreign exchange and balance of payments position, and that the State shall provide impetus to the growth, p
Section 1.
The Committee. — There is hereby created under the Office of the President the Presidential Iron and Steel Committee, hereinafter referred to as the Committee. The Committee shall exist until dissolved by the President of the Philippines.
Section 2.
Composition. The Committee shall be composed of the following:
Secretary of Trade and Industry
Chairman
Director-General, National Economic Development Authority
Vice-Chairman
Secretary of Finance
Member
Secretary of Environment and Natural Resources
Member
Secretary of Science and Technology
Member
Four (4) representatives from the Private Sector to be appointed by the President of the Philippines, two (2) of whom shall be the President of the Philippine Iron and Steel Institute, and the Chairman of the National Steel Corporation.
Members
Membership in the Committee of the foregoing cabinet members shall be in an ex-officio capacity.
Section 3.
Functions. The Committee shall have the following functions:
(a) To advise and recommend policies to the President of the Philippines on the over-all directions of the iron and steel industry in the country;
(b) To coordinate and enhance collaboration among the agencies of the Government involved in the implementation of Republic Act No. 7103;
(c) To monitor the progress of implementation of Republic Act No. 7103, and to recommend measures for the consideration of concerned agencies of the Government as may be necessary to assure the proper and expeditious implementation of the law; and
To coordinate closely with and enlist the support of the private sector, particularly in the iron and steel industry, and to do all such other acts as may be required to accomplish the functions of the Committee.
Section 4.
Secretariat. — The Committee shall be assisted in the performance of its functions by a Secretariat which shall be based at the Board of Investments headed by an official designated by the Secretary of Trade and Industry, together with personnel from the agencies of the Government and sectors represented in the Committee, who shall also be assigned to the Secretariat, respectively, by such members of the Committee.
Section 5.
Effectivity. This Executive Order shall take effect immediately. 1aшphi1
DONE in the City of Manila, this 25th day of March in the year of Our Lord, Nineteen Hundred and Ninety-Three.
(Sgd.) FIDEL V. RAMOS President of the Philippines
By the President:
(Sgd.) ANTONIO T. CARPIO Chief Presidential Legal Counsel