To implement the Memorandum of Agreement amending the 1947 Military Bases Agreement and its accompanying Letter of US President Ronald Reagan to RP President Corazon C. Aquino dated October 17, 1988, I, CORAZON C. AQUINO, President of the Philippines, by virtue of the powers vested in me by law, do hereby create a Committee composed of representatives of the following:

Department of Foreign Affairs - Chairman Department of Finance   Department of Agriculture   Department of Labor and Employment   Department of National Defense  

Department of Health

  Department of Trade and Industry   National Economic and Development Authority - Members

The representatives shall be with the ranks of at least Assistant Secretary.

The specific components of the Memorandum of Agreement and the accompanying Letter shall be implemented with the following as the lead agencies:

1. Department of National Defense - Procurement program for military equipment supplies
   
   
2. National Economic and Development Authority - Allocation scheme for a debt reduction program and budgetary support from the Economic Support Fund (ESF)
   
   
3. Department of Agriculture in coordination with the Department of Local Government - Determination of food commodities and related development projects
   
   
4. Department of National Defense - Program to convert to grants the unused Foreign Military Sales
   
   
5. Department of Trade and Industry - Appropriate mechanisms through which the Overseas Private Investment Corporation would finance productive projects in the Philippine private sector
   
   
6. Department of Trade and Industry - Development of Philippine imports of capital goods to be financed by the US Export-Import Bank
   
   
7. Department of Finance in coordination with the Department of Foreign Affairs - Debt reduction program from the interest savings derived from debt reduction out of the rapid disbursement of ESF
   
   
8. Department of Labor and Employment - Review of the Bases Labor Agreement
   
   
9. Department of Foreign Affairs in coordination with the Department of National Defense - Proposals relative to Philippine veterans claims
   
   
10. Department of Health - Programs and funding to support the prevention, education, detection and control of Acquired Immuno Deficiency Syndrome (AIDS)
    
    
11. Department of National Defense in coordination with the Department of Foreign Affairs - Details of the updated MBA on nuclear or non-convention weapons
    
    
12. Department of Justice in coordination with the Department of Foreign Affairs and Department of National Defense - Appropriate measures regarding ownership and renewal of properties within the US military facilities in Philippine bases
    
    
13. Department of National Defense - Plans to address the issues of base security and presence of squatters within the US military facilities in Philippine bases

Done in the City of Manila, this 2nd day of December, in the year of Our Lord, nineteen hundred and eighty-eight.


By the President:
(Sgd.) CATALINO MACARAIG, JR.
Executive Secretary