WHEREAS, Letter of Instructions No. 444 has included the People ™s Republic of China in the list of socialist and other centrally-planned economy countries;

WHEREAS, market forces now play a determining role in the economy of the People ™s Republic of China;

WHEREAS, the People ™s Republic of China has applied for accession to the World Trade Organization;

WHEREAS, it is the policy of the Government to develop and strengthen trade relations with the People ™s Republic of China;

WHEREAS, continued coverage of the People ™s Republic of China by Letter of Instructions No. 444 is no longer consistent with the country ™s national interest, as coursing Republic of the Philippines-People ™s Republic of China Trade through the Philippine International Trading Corporation as provided for under Letter of Instructions No. 444 is becoming an unnecessary barrier to trade;

NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Republic of the Philippines, by virtue of the powers vested in me by law, do hereby order:

The Committee on Scientific and Technical Cooperation with Socialist Countries to delete the People ™s Republic of China from the list of countries covered by Letter of Instructions No. 444.

Done in the City of Manila, this 12^th day of May in the year of Our Lord, Nineteen Hundred and Ninety-Five.

(Sgd.) FIDEL V. RAMOS
President of the Philippines

By the President:

(Sgd.) TEOFISTO T. GUINGONA, JR.
Executive Secretary