Philippine Government
POLICIES ON TRADE, PRODUCTION AND PROFESSIONS Sec.12 The State shall promote the preferential use of Filipino labor, domestic materials and locally produced goods, and adopt measures that help make them competitive.
Sec.13 The State shall pursue a trade policy that serves the general welfare and utilizes all forms and arrangements of exchange on the basis of equality and reciprocity.
Sec.14 The sustained development of a reservoir of national talents consisting of Filipino scientists, entrepreneurs, professionals, managers, high –level technical manpower and skilled workers and craftsmen in all fields shall be promoted by the State. The State shall encourage appropriate technology and regulate its transfer for the national benefit.
The practice of all professions in the Philippines shall be limited to Filipino citizens, save in cases prescribed by law.
Sec.15 The Congress shall create an agency to promote the viability and growth of cooperatives as instruments for social justice and economic development.
Sec.16 The Congress shall not, except by general law, provide for the formation, organization, or regulation of private corporations. Government-owned or controlled corporations may be created or established by special charters in the interest of the common good and subject to the test of economic viability.
Sec.17 In times of national emergency, when the public interest so requires, the State may, during the emergency and under reasonable terms prescribed by it, temporality take over or direct the operation of any private owned public utility or business affected with public interest.
Sec.18 The State may, in the interest of national welfare or defense, establish and operate vital industries and, upon payment of just compensation, transfer to public ownership utilities and other private enterprises to be operated by the Government .
Article XII, Sections 12 to 22 of the charter also provides additional rules in the field and trade and production, and
Sec.13 The State shall pursue a trade policy that serves the general welfare and utilizes all forms and arrangements of exchange on the basis of equality and reciprocity.
Sec.14 The sustained development of a reservoir of national talents consisting of Filipino scientists, entrepreneurs, professionals, managers, high –level technical manpower and skilled workers and craftsmen in all fields shall be promoted by the State. The State shall encourage appropriate technology and regulate its transfer for the national benefit.
The practice of all professions in the Philippines shall be limited to Filipino citizens, save in cases prescribed by law.
Sec.15 The Congress shall create an agency to promote the viability and growth of cooperatives as instruments for social justice and economic development.
Sec.16 The Congress shall not, except by general law, provide for the formation, organization, or regulation of private corporations. Government-owned or controlled corporations may be created or established by special charters in the interest of the common good and subject to the test of economic viability.
Sec.17 In times of national emergency, when the public interest so requires, the State may, during the emergency and under reasonable terms prescribed by it, temporality take over or direct the operation of any private owned public utility or business affected with public interest.
Sec.18 The State may, in the interest of national welfare or defense, establish and operate vital industries and, upon payment of just compensation, transfer to public ownership utilities and other private enterprises to be operated by the Government .
Article XII, Sections 12 to 22 of the charter also provides additional rules in the field and trade and production, and