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)

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,...

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Summary of Executive Order No. 281

Increasing Margin of Preference (MOP) for ASEAN Industrial Joint Ventures (AIJV) Products
- Increases the MOP from 50% to 75% for slaughtered meat AIJV products. (Section 1)
    - Meat of bovine animal, with bone in: 75% MOP, 5% Preferential Tariff. (Section 1)
    - Meat of bovine animal, boneless: 75% MOP, 5% Preferential Tariff. (Section 1)
- Accords 75% MOP to mechanical power rack and pinion steerings and constant velocity joints AIJV products. (Section 2)
    - Mechanical and power rack and pinion steerings: 75% MOP, 7.5% Preferential Tariff. (Section 2)
    - Constant velocity joints: 75% MOP, 7.5% Preferential Tariff. (Section 2)

Effective Periods and Conditions
- 75% MOP for slaughtered meat AIJV products effective up to May 9, 1989 for AIJV entity in Thailand. (Section 1)
- 75% MOP for mechanical rack and pinion steerings effective up to October 7, 1990 for AIJV entity in Malaysia. (Section 3)
- 75% MOP for constant velocity joints and power rack and pinion steerings effective up to November 9, 1990 for AIJV entity in Malaysia. (Section 3)
- After the effective periods, the 75% MOP shall be extended automatically to any ASEAN member country producing the AIJV products. (Section 3)
- The 75% MOP for the AIJV entity in Malaysia shall remain effective irrespective of any subsequent change in the basic Philippine rate of duty. (Section 4)

Implementation and Compliance
- The Preferential Tariff rates shall be imposed on the articles entered or withdrawn from warehouses in the Philippines for consumption, subject to the Rules of Origin under the Agreement on ASEAN Preferential Trading Arrangements. (Section 5)
- Repeals or modifies all laws, orders, issuances, rules and regulations inconsistent with this Executive Order. (Section 6)
- Takes effect immediately. (Section 7)