This pertains to a situation where the service contracts are already entered

This pertains to a situation where the service

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subject then to the scrutiny of the Members of Congress. This pertains to a situation where the service contracts are already entered into, and all that this amendment seeks is the reporting requirement from the Office of the President. Will Commissioner Jamir entertain that? MR. JAMIR.I will gladly do so, if it is still within my power. MR. VILLEGAS.Yes, the Committee accepts the amendment. xxx xxx xxx SR. TAN.Madam President, may I ask a question? THE PRESIDENT.Commissioner Tan is recognized. SR. TAN.Am I correct in thinking that the only difference between these future service contracts and the past service contracts under Mr. Marcos is the general law to be enacted by the legislature and the notification of Congress by the President? That is the only difference, is it not? MR. VILLEGAS.That is right. SR. TAN.So those are the safeguards. MR. VILLEGAS.Yes. There was no law at all governing service contracts before. TAECSD SR. TAN.Thank you, Madam President. 45 45 More Than Mere Financial and Technical Assistance Entailed by the Agreements The clear words of Commissioner Jose N. Nolledo quoted below explicitly and eloquently demonstrate that the drafters knew that the agreements with foreign corporations were going to entail not mere technical or financial assistance but, rather, foreign investment in and management of an enterprise involved in large-scale exploration, development and utilization of minerals, petroleum, and other mineral oils . THE PRESIDENT.Commissioner Nolledo is recognized. MR. NOLLEDO.Madam President, I have the permission of the Acting Floor Leader to speak for only two minutes in favor of the amendment of Commissioner Gascon. THE PRESIDENT.Commissioner Nolledo may proceed. MR. NOLLEDO.With due respect to the members of the Committee and CD Technologies Asia, Inc. © 2017
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Commissioner Jamir, I am in favor of the objection of Commissioner Gascon. Madam President, I was one of those who refused to sign the 1973 Constitution, and one of the reasons is that there were many provisions in the Transitory Provisions therein that favored aliens. I was shocked when I read a provision authorizing service contracts while we, in this Constitutional Commission, provided for Filipino control of the economy. We are, therefore, providing for exceptional instances where aliens may circumvent Filipino control of our economy. And one way of circumventing the rule in favor of Filipino control of the economy is to recognize service contracts . As far as I am concerned, if I should have my own way, I am for the complete deletion of this provision. However, we are presenting a compromise in the sense that we are requiring a two-thirds vote of all the Members of Congress as a safeguard. I think we should not mistrust the future Members of Congress by saying that the purpose of this provision is to avoid corruption. We cannot claim that they are less patriotic than we are. I think the Members of this Commission should know that entering into service contracts is an exception to the rule on protection of natural
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  • Spring '16
  • Economics, CD Technologies Asia, FTAA, WMCP FTAA

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