MALACAÑAN PALACE
MANILA
BY THE PRESIDENT OF THE PHILIPPINES
[ EXECUTIVE ORDER NO. 175, June 27, 2022 ]
PROMULGATING THE TWELFTH REGULAR FOREIGN INVESTMENT NEGATIVE LIST
WHEREAS, Republic Act (RA) No. 7042, otherwise known as the “Foreign Investments Act of 1991,” as amended, mandates the formulation of a Regular Foreign Investment Negative List, covering investment areas or activities which are open to foreign investors and/or reserved to Filipino nationals; and
WHEREAS, there is a need to formulate the Twelfth Regular Foreign Investment Negative List, replacing the Eleventh Regular Foreign Investment Negative List, to reflect changes to List A and List B, pursuant to existing laws, consistent with the policy to ease restrictions on foreign participation in certain investment areas or activities;
NOW, THEREFORE, I, RODRIGO ROA DUTERTE, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution and existing laws, do hereby order:
Section 1. Twelfth Regular Foreign Investment Negative List. Only the investment areas and/or activities listed in the attached Twelfth Regular Foreign Investment Negative List shall be reserved for Philippine Nationals, subject to the exceptions and conditions indicated therein.1a⍵⍴h!1
Section 2. Amendments. Amendments to List A may be made at any time to reflect changes instituted in specific laws, while amendments to List B shall not be made more than once very two (2) years, pursuant to Section 8 of RA No. 7042, as amended, and its revised Implementing Rules and Regulations.
Section 3. Repeal. All orders, rules and regulations, and issuances or parts thereof inconsistent with this Order are hereby repealed, amended or modified accordingly.
Section 4. Separability. If any provision of this Order is declared invalid or unconstitutional, other provisions not affected thereby shall continue to be valid and subsisting.
Section 5. Effectivity. This Order shall take effect fifteen (15) days after its publication in a newspaper of general circulation.
DONE in the City of Manila, this 27th day of June, in the year of Our Lord, Two Thousand and Twenty Two.
(SGD.) RODRIGO ROA DUTERTE
By the President:
(SGD.) SALVADOR C. MEDIALDEA
Executive Secretary
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