EXECUTIVE ORDER NO. 281 July 25, 1987
AMENDING EXECUTIVE ORDER NO. 142 DATED FEBRUARY 27, 1987 BY INCREASING FROM 50% TO 75% THE MARGIN OF PREFERENCE (MOP) ON SLAUGHTERED MEAT AIJV PRODUCT AND EXTENDING THE SAME MARGIN OF PREFERENCE OF 75% TO MECHANICAL POWER RACK AND PINION STEERINGS AND CONSTANT VELOCITY JOINTS TO IMPLEMENT THE SUPPLEMENTAL AGREEMENT TO AMEND THE BASIC AGREEMENT ON ASEAN INDUSTRIAL JOINT VENTURES (BAAIJV)
WHEREAS, Executive Order No. 14 grants a fifty percent (50%) margin of preference to the slaughtered meat ASEAN Industrial Joint Ventures (AIJV) product;
WHEREAS, the Sixteenth ASEAN Economic Ministers (AEM) Meeting approved the mechanical and power rack and pinion steerings and constant velocity joints AIJV products with the Philippines and Malaysia as participating countries;
WHEREAS, the ASEAN Foreign Ministers signed on June 16, 1987 a Supplementary Agreement to Amend the Basic Agreement on ASEAN Industrial Joint Ventures (BAAIJV) increasing the minimum margin of preference on AIJV products from fifty percent (50%) to seventy-five percent (75%);
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, pursuant to the powers vested in me under Section 402 of the Tariff and Customs Code of 1978, as amended, do hereby order:
Sec. 1. The fifty percent (50%) Margin of Preference (MOP) of the AIJV products as provided under Section 1 of Executive Order No. 142, which shall be accorded to AIJV entity in Thailand effective up to 9 May 1989, is hereby increased to seventy-five (75%) as specified in Column 4. In effect, such articles shall be subject to the Preferential Tariff for ASEAN in accordance with the schedule indicated opposite each article as specified in Column 5.
|
Tariff Heading No. |
Description of Product |
Rate of Duty |
Effective MOP |
Asean Preferentail Tariff |
|
ex. 0. 01 100 |
Meat of bovine animal, with bone in |
20% |
75% |
5% |
|
ex. 02.01 200 |
Meat of bovine animal, bone less |
20% |
75% |
5% |
Sec. 2. The articles specifically listed hereunder as classified under Section 104 of the Tariff and Customs Code of 1978, as amended, shall also be accorded a Margin of Preference (MOP) of seventy-five percent (75%) and thus be subject to Preferential Tariff for ASEAN as specified in Column 5
|
Tariff Heading No. |
Description of Product |
Rate of Duty |
Effective MOP |
Asean Preferentail Tariff |
|
ex. 87.06 900 |
Mechanical and power rack and pinion steerings including tierods, ball joints and
linkages and/or finished semi-finished parts and subassemblies thereof |
30% |
75% |
7.5% |
|
ex. 87.06 900 |
Constant velocity joints (fixed and plunging parts and subassemblies thereof) |
30% |
75% |
7.5% |
Sec. 3. The MOP provided to the products listed under Section 2 hereof shall be accorded by the AIJV entity in Malaysia effective up to 7 October 1990, in the case of mechanical rack and pinion steerings, and up to 9 November 1990, in the case of constant velocity joints and power rack and pinion steerings. Thereafter, this MOP shall be extended automatically to any entity in any ASEAN member country which produces the subject AIJV products.
Sec. 4. The seventy-five percentum (75%) MOP accorded under Section 2 of this Executive Order to the accredited AIJV entity in Malaysia shall remain effective irrespective or any subsequent change in the basic Philippine rate of duty on the above-mentioned articles.
Sec. 5. After the effectivity of this Executive Order, all the above-described articles, entered or withdrawn from warehouses in the Philippines for consumption shall be imposed the rates of duty herein prescribed subject to the qualifications under the Rules of Origin as prescribed in the Agreement on ASEAN Preferential Trading Arrangements ratified on August 1, 1977.
Sec. 6. All laws, orders, issuances, rules and regulations or parts thereof inconsistent with this Executive Order are hereby repealed or modified accordingly. lawphi1.net
Sec. 7. This Executive Order shall take effect immediately. lawphi1.net
DONE in the City of Manila, this 5th day of July, in the year of Our Lord, nineteen hundred and eighty-seven.
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