Under which decree was the Tariff Commission placed under the supervision of NEDA?

Study for the Tariff Law 2 – Tariff Commission Exam. Utilize flashcards and multiple choice questions, enhanced with hints and explanations. Prepare efficiently for your test!

Multiple Choice

Under which decree was the Tariff Commission placed under the supervision of NEDA?

Explanation:
The question hinges on how the government reorganized agencies to align policy with national development planning. Presidential Decree No. 1, issued in 1972, created the National Economic and Development Authority and placed several economic bodies under its supervision so tariff and trade policy could be coordinated with the overall development plan. The Tariff Commission was brought under NEDA’s supervision through this decree, integrating its work with the broader planning framework rather than keeping it autonomous. The other options do not reflect this specific reorganization under NEDA, so they’re not the instruments that placed the Tariff Commission under its supervision.

The question hinges on how the government reorganized agencies to align policy with national development planning. Presidential Decree No. 1, issued in 1972, created the National Economic and Development Authority and placed several economic bodies under its supervision so tariff and trade policy could be coordinated with the overall development plan. The Tariff Commission was brought under NEDA’s supervision through this decree, integrating its work with the broader planning framework rather than keeping it autonomous. The other options do not reflect this specific reorganization under NEDA, so they’re not the instruments that placed the Tariff Commission under its supervision.

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