EXECUTIVE ORDER NO. 396 May 3, 1989
MODIFYING THE RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED UNDER THE TARIFF AND CUSTOMS, CODE OF 1978, AS AMENDED, IN ORDER TO IMPLEMENT THE MINIMUM 50% MARGIN OF PREFERENCE ON CERTAIN PRODUCTS INCLUDED IN THE BRAND-TO-BRAND COMPLEMENTATION SCHEME IN THE AUTOMOTIVE INDUSTRY UNDER THE BASIC AGREEMENT ON ASEAN INDUSTRIAL COMPLEMENTATION
WHEREAS, the Philippines is a Contracting Party to the Basic Agreement on ASEAN Industrial Complementation (BAAIC) signed in Manila on 18 June 1981;
WHEREAS, the Philippines is a signatory to the Memorandum of Understanding on the Brand-to-Brand Complementation in the Automotive Industry under the BAAIC signed by the ASEAN Economic Ministers in Pattaya, Thailand on 18 October 1988;
WHEREAS, the Philippines, along with Malaysia and Thailand, is a participating country in the approved Mitsubishi Motor Corporation Brand-to-Brand Complementation (BBC) Scheme;
WHEREAS, at the 31st Meeting of the Committee on Industry, Minerals and Energy (COIME) held in Bangkok, Thailand on 1-3 February 1989, it was agreed, among others, that the...
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Executive Orders
Modifying the Rates of Import Duty on Certain Imported Articles as Provided Under the Tariff and Customs, Code of 1978, as Amended, in Order To Implement the Minimum 50% Margin of Preference on Certain Products Included in the Brand-To-Brand Complementation Scheme in the Automotive Industry Under the Basic Agreement on Asean Industrial Complementation
Executive Order No. 396
EXECUTIVE ORDER NO. 396
Modifying Import Duty Rates to Implement 50% Margin of Preference for Certain Products under ASEAN Industrial Complementation Scheme
- Philippines is a party to the Basic Agreement on ASEAN Industrial Complementation (BAAIC) and signatory to the Memorandum of Understanding on Brand-to-Brand Complementation in the Automotive Industry. (Whereas clauses)
- Philippines, Malaysia, and Thailand are participating countries in the approved Mitsubishi Motor Corporation Brand-to-Brand Complementation (BBC) Scheme. (Whereas clause)
- Philippines to import bumper system from Thailand and steering system from Malaysia, in exchange for exporting manual transmission. (Whereas clause)
- Philippines shall grant minimum 50% Margin of Preference (MOP) to BBC products approved by COIME, subject to terms and conditions. (Whereas clause)
Provisions:
- Articles listed in Annex "A" shall be accorded minimum 50% MOP and subject to Preferential Tariff for ASEAN as per schedule. (Section 1)
- MOP on bumper system for FUSO trucks and steering system for Lancer cars shall be accorded to BBC entities in Thailand and Malaysia, respectively, until May 3, 1993. (Section 2)
- After May 3, 1993, MOP may be granted to non-participating ASEAN country if it extends the same MOP. If not, exclusive application of MOP to Thailand and Malaysia shall be extended until May 3, 1997. (Section 2)
- Effective May 4, 1997, MOP shall be extended to any entity in any other ASEAN member country producing the subject BBC products. (Section 3)
- 50% MOP shall remain effective irrespective of any subsequent change in basic Philippine rate of duty. (Section 4)
- Articles shall be subject to qualification under Rules of Origin prescribed in the Agreement on ASEAN Preferential Trading Arrangements. (Section 5)
- Executive Order effective from May 3, 1989. (Section 6)
Annex "A" lists the articles granted 50% MOP, including bumper system for FUSO trucks and steering system for Lancer cars, with corresponding tariff rates and preferential rates.
Modifying Import Duty Rates to Implement 50% Margin of Preference for Certain Products under ASEAN Industrial Complementation Scheme
- Philippines is a party to the Basic Agreement on ASEAN Industrial Complementation (BAAIC) and signatory to the Memorandum of Understanding on Brand-to-Brand Complementation in the Automotive Industry. (Whereas clauses)
- Philippines, Malaysia, and Thailand are participating countries in the approved Mitsubishi Motor Corporation Brand-to-Brand Complementation (BBC) Scheme. (Whereas clause)
- Philippines to import bumper system from Thailand and steering system from Malaysia, in exchange for exporting manual transmission. (Whereas clause)
- Philippines shall grant minimum 50% Margin of Preference (MOP) to BBC products approved by COIME, subject to terms and conditions. (Whereas clause)
Provisions:
- Articles listed in Annex "A" shall be accorded minimum 50% MOP and subject to Preferential Tariff for ASEAN as per schedule. (Section 1)
- MOP on bumper system for FUSO trucks and steering system for Lancer cars shall be accorded to BBC entities in Thailand and Malaysia, respectively, until May 3, 1993. (Section 2)
- After May 3, 1993, MOP may be granted to non-participating ASEAN country if it extends the same MOP. If not, exclusive application of MOP to Thailand and Malaysia shall be extended until May 3, 1997. (Section 2)
- Effective May 4, 1997, MOP shall be extended to any entity in any other ASEAN member country producing the subject BBC products. (Section 3)
- 50% MOP shall remain effective irrespective of any subsequent change in basic Philippine rate of duty. (Section 4)
- Articles shall be subject to qualification under Rules of Origin prescribed in the Agreement on ASEAN Preferential Trading Arrangements. (Section 5)
- Executive Order effective from May 3, 1989. (Section 6)
Annex "A" lists the articles granted 50% MOP, including bumper system for FUSO trucks and steering system for Lancer cars, with corresponding tariff rates and preferential rates.