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The Bell Trade Act of 1946, also known as the Philippine Trade Act, was an act passed by the United States Congress specifying policy governing trade between the Philippines and the United States following independence of the Philippines from the United States.
When the Civil Government was established in the Philippines, the most important laws passed by the Philippine Commission were the following: Tariff Revision Law of 1902 based on the theory that the laws of Spain were not as comprehensive as the American Customs Laws to conform with the existing conditions of the country.
It also created the Foreign Trade Zone Authority (FTZA). In early 1972, three congressmen — Roman, Roces, and Sarmiento - sponsored the bill to convert the free trade zone authority into government corporation. This would grant the power of a corporation combined with the coercive strength of the Philippine Government to move the project ...
This amendment, demanded by the Philippine Trade Relations Act or the Bell Trade Act, [39] would give American citizens and industries the right to utilize the country's natural resources in return for rehabilitation support from the United States. The President, with the approval of Congress, proposed this move to the nation through a plebiscite.
The Commonwealth had its own constitution, which remained effective after independence until 1973, [51] and was self-governing [16] although foreign policy and military affairs would be under the responsibility of the United States, and Laws passed by the legislature affecting immigration, foreign trade, and the currency system had to be ...
The Department of Trade and Industry (Filipino: Kagawaran ng Kalakalan at Industriya, abbreviated as DTI) is the executive department of the Philippine government responsible for the advancement, promotion, governance, regulation, management and growth of industry and trade.
In socio-economic terms, the Philippines made solid progress in this period. The 1909 U.S. Payne–Aldrich Tariff Act provided for free trade with the Philippines. [97] Foreign trade had amounted to 62 million pesos in 1895, 13% of which was with the United States.
The Philippines maintains relations with Kazakhstan through its embassy in Russia. Kazakhstan has an honorary consulate in Manila. [189] [190] Trade between Kazakhstan and the Philippines amounted to 7.3 million U.S. dollars during the period from January to November 2010. In 2009, about 1,500 Kazakh tourists visited the Philippines.