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Enrique T. Garcia Vs. Executive Secretary

CONGRESSMAN ENRIQUE T. GARCIA (Second District of Bataan), petitioner, vs. THE EXECUTIVE SECRETARY, THE NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY, THE BOARD OF INVESTMENTS, THE SECURITIES AND EXCHANGE COMMISSION, and THE BUREAU OF TRADE REGULATION AND CONSUMER PROTECTION, respondents. Senator VICENTE T. PATERNO and PHILIPPINE ASSOCIATION OF BATTERY MANUFACTURERS, intervenors. Abraham C. La Vina for petitioner. Padilla, Jimenez, Kintanar and Asuncion Law Firm for PABMA. Demaree J.B. Raval and Jhosep Y. Lopez for Sen. V. Paterno.

G.R. No. 100883 | 1991-12-02

D E C I S I O N


CRUZ, J.:

The petitioner challenges RA 7042 on the ground that it defeats the constitutional policy of developing a self-reliant and independent national economy effectively controlled by Filipinos and the protection of Filipino enterprises against unfair foreign competition and trade practices. He claims that the law abdicates all regulation of foreign enterprises in this country and gives them unfair advantages over local investments which are practically elbowed out in their own land with the complicity of their own government.

Specifically, he argues that under Section 5 of the said law a foreign investor may do...