NSCB Resolution No.13

APPROVING AND ADOPTING THE 2002 PHILIPPINE CENTRAL PRODUCT CLASSIFICATION (PCPC)

WHEREAS, there is a need to promote harmonization of various types of statistics dealing with goods and services;

WHEREAS, a product classification is necessary:  (1) to provide a framework for national and international comparison of various kinds of statistics dealing with goods and services;  and (2) to strengthen the role of the national accounts and balances as an instrument for coordination of economic statistics;

WHEREAS, the National Statistical Coordination Board (NSCB) Technical Staff prepared the guidelines and developed the first Philippine Central Product Classification (PCPC) based on the United Nations' Central Product Classification (UN-CPC) Version 1.1;

WHEREAS, the NSCB Technical Committee on Statistical Standards and Classifications (TC-SSC), through its Technical Working Group reviewed and recommended for approval the 2002 Philippine Central Product Classification  (PCPC) which is aligned with the UN-CPC Version 1.1;

NOW, THEREFORE, BE IT RESOLVED AS IT IS HEREBY RESOLVED that the Board approve the 2002 Philippine Central Product Classification (PCPC) for adoption by concerned government agencies and instrumentalities.

Approved this 5th day of June 2002, in Pasig City.