Executive Order No. 1062, s. 1985

Signed on November 7, 1985

MALACAÑANG
MANILA

BY THE PRESIDENT OF THE PHILIPPINES

EXECUTIVE ORDER NO. 1062

REPEALING EXECUTIVE ORDER NO. 955, AS AMENDED BY EXECUTIVE ORDER NO. 988, ADDITIONAL IMPORT DUTY ON IMPORTED ARTICLES.

WHEREAS, the current economic crisis amounts to grave emergency which affects the stability of the nation and requires immediate action;

WHEREAS, the issuance of this Executive Order is an essential and necessary component of the national economic recovery program formulated to meet and overcome the emergency;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution and the authority vested in me under Section 401 of Presidential Decree No. 1464, as amended, do hereby order and ordain:

SECTION 1. The provisions of Executive Order No. 955, series of 1984, as amended by Executive Order No. 988, and the rules and regulations issued pursuant thereto, are hereby repealed.

SECTION 2. This Executive Order shall take effect on January 1, 1986.

DONE in the City of Manila, this 7th day of November, in the Year of Our Lord, nineteen hundred and eighty-five.

(Sgd.) FERDINAND E. MARCOS
President of the Philippines

By the President:

(Sgd.) JUAN C. TUVERA
Presidential Executive Assistant

Source: Malacañang Records Office

Office of the President of the Philippines. (1985). [Executive Order Nos. : 1030-1093]. Manila : Malacañang Records Office.