Temporary Waiver Of The Reciprocal Tariff Treatment On Certain Articles To Implement The Agreement Between The Republic Of The Philippines And The Republic Of Korea On The Compensatory Measure In Relation To The Delayed Implementation Of Philippine Tariff Concessions Under The Agreement On Trade In Goods Under The Framework Agreement On Comprehensive Economic Cooperation Among The Governments Of The Member Countries Of The Association Of Southeast Asian Nations And The Republic Of Korea
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Temporary Waiver Of The Reciprocal Tariff Treatment On Certain Articles To Implement The Agreement Between The Republic Of The Philippines And The Republic Of Korea On The Compensatory Measure In Relation To The Delayed Implementation Of Philippine Tariff Concessions Under The Agreement On Trade In Goods Under The Framework Agreement On Comprehensive Economic Cooperation Among The Governments Of The Member Countries Of The Association Of Southeast Asian Nations And The Republic Of Korea
Executive Order No. 52
August 5, 2011
Case Overview and Summary
Summary of Executive Order No. 52Temporary Waiver of Reciprocal Tariff Treatment on Certain Articles
- To implement the agreement between the Philippines and South Korea on compensatory measure for delayed implementation of Philippine tariff concessions under the AKFTA TIG Agreement. (Whereas clauses)
- Grants temporary waiver of reciprocal tariff treatment on certain articles listed in the Annex for 12 months as compensatory measure to South Korea. (Section 1)
• Articles listed in the Annex shall be imposed the AKFTA rate for 12 months in accordance with the schedule indicated. (Section 1)
• AKFTA rates shall be accorded to imports from AKFTA TIG agreement parties subject to Rules of Origin. (Section 1)
- Upon effectivity, articles listed in the Annex entered and withdrawn from warehouses in the Philippines shall be levied the AKFTA rates for 12 months. (Section 2)
• After 12 months, the reciprocal tariff treatment under EO 638 shall apply. (Section 2)
- Separability clause for provisions declared invalid or unconstitutional. (Section 3)
- Repeals inconsistent orders, rules, regulations, and issuances. (Section 4)
- Takes effect immediately upon publication in a newspaper of general circulation. (Section 5)
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Executive Issuances
Executive Orders
tariff
import duty
reciprocal tariff treatment
AKFTA
ASEAN
Republic of Korea
compensatory measure
delayed implementation
tariff concessions
Agreement on Trade in Goods
Framework Agreement on Comprehensive Economic Cooperation
NEDA
National Economic and Development Authority
Tariff and Customs Code
Rules of Origin
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Temporary Waiver Of The Reciprocal Tariff Treatment On Certain Articles To Implement The Agreement Between The Republic Of The Philippines And The Republic Of Korea On The Compensatory Measure In Relation To The Delayed Implementation Of Philippine Tariff Concessions Under The Agreement On Trade In Goods Under The Framework Agreement On Comprehensive Economic Cooperation Among The Governments Of The Member Countries Of The Association Of Southeast Asian Nations And The Republic Of Korea
Executive Order No. 52
•August 5, 2011
MALACAÑAN PALACEMANILA
BY THE PRESIDENT OF THE PHILIPPINES
EXECUTIVE ORDER NO. 52
TEMPORARY WAIVER OF THE RECIPROCAL TARIFF TREATMENT ON CERTAIN ARTICLES TO IMPLEMENT THE AGREEMENT BETWEEN THE REPUBLIC OF THE PHILIPPINES AND THE REPUBLIC OF KOREA ON THE COMPENSATORY MEASURE IN RELATION TO THE DELAYED IMPLEMENTATION OF PHILIPPINE TARIFF CONCESSIONS UNDER THE AGREEMENT ON TRADE IN GOODS UNDER THE FRAMEWORK AGREEMENT ON COMPREHENSIVE ECONOMIC COOPERATION AMONG THE GOVERNMENTS OF THE MEMBER COUNTRIES OF THE ASSOCIATION OF SOUTHEAST ASIAN NATIONS AND THE REPUBLIC OF KOREA
WHEREAS, Paragraph 5 (b) (ii) of Annex 1 of the Agreement on Trade in Goods under the Framework Agreement on Comprehensive Economic Cooperation Among the Governments of the Member Countries of the Association of Southeast Asian Nations and the Republic of Korea (AKFTA TIG Agreement) stipulates that ASEAN 6, which includes the Philippines, shall eliminate tariffs on at least 90% of the tariff lines placed in the Normal Track not later than 01 January 2009. Executive Order (EO) No. 812 (s. 2009), which implements the said provision, took effect six...
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