BPS) w neconnsoncine x (I Sich 5 © @ | & teocimmmatnbante gee phicnsin . or #4 8 es Sat ss proms noua ana Yr PERERA BF NoUND aREUKUF RNeIODMEN re aFaaN FORT OUT INOURE A HAE TNTanM HERE Use cof human and natural resources, and wich are comptitvenboth domestic and feign markets, However, the Stat shallrtectFlpino enterprises against una foreign competion ad trade practices Inthe pursuit of ese goal all eecor ofthe sone anal regions of he county shal be guen optimum epportunty to devlo,Prvst ates, suing corporations cooperatives an simlarcolectv organizations, shal be encouraged to broaden the base of hk owes, ‘SECTION 2. llands of thepusie coma, waters, minerals coal petrleum, and other mineral ial forces of pote energy sharia, forests or be wit lore ard {ona end other natural esources ate onned by the Sat. With the exception of agrcuturl ands el other natal esoutces shal not be alenated. The exploration evelopment, iia of natralresoUtces sal be under the como! and supervision of he Stat. The Stee may ctectv undertake such actives 0: may enter eto co-production joint ventura or precucton sharing agreements with Filip cen, oF capporations or associations at eat Sty percent of whose cept is owned by such izes. Such agreements maybe fra priod nt exceeding twenty fv years, renewable for nt more than twenty fv year, and under cuch ems and conditions as mey be ‘ord by ow. In eoes of water sights for irigation, water supp lehaies er ndustal uses other than the development of water power, benef use maybe the measure ‘and net othe oat ‘The State shal protect the nation's marine weath ints archpelagic waters, tetra se, and exclusive economic zone and resets use and enjoyment exclusively to Fapinoctizens. ‘The Congress may, bylaw allow smal sca uitzation of natal resources by Filipino chizens, 2 well ss cooperative sh fxmng. wih pony to subsistence fishermen and ‘ichworersin ies lakes. bays, nd lagoons. “The President may ener ito agreements wth frelgn owned corperatonsinvoing ether tacricalrfnancial asstance orlrge scale explosion, development and uilation of minerals, petoleum, and athe: mineral according othe general terms and conlton provides by law, base on reel cntbutions tothe economic growth and ‘general wera of he county n Such agreements he State sal promote the development ni use of lor Stent a Technet resources,