Authority of PICOP to Import Newsprint Duty-Free
Letter of Instructions No. 836

March 26, 1979


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; cdtai

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 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.