EXECUTIVE ORDER NO. 705 - MODIFYING THE RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED UNDER PRESIDENTIAL DECREE NO. 1464, OTHERWISE KNOWN AS THE TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED, IN ORDER TO IMPLEMENT THE MARGINS OF PREFERENCE IN ACCORDANCE WITH THE ASEAN AGREEMENT ON PREFERENTIAL TRADING ARRANGEMENTS WITH RESPECT TO CERTAIN ARTICLES NEGOTIATED DURING THE TWELFTH MEETING OF THE ASEAN COMMITTEE ON TRADE AND TOURISM

Pursuant to the powers vested in me by Sec. 402 of Presidential Decree No. 1464, as amended, I, FERDINAND E. MARCOS, President of the Philippines, do hereby direct and order that:

Section 1. The articles specifically listed in Annex “A” hereof as classified under Section 104 of Presidential Decree No. 1464, as amended, shall be accorded the margins of tariff preference as specified in column 9 of said Annex “A”. In effect, such article shall be subject to the Preferential Tariff for ASEAN in accordance with the schedule indicated opposite each article as specified in column 10-14 odd said Annex “A”.  

Sec. 2. In the event that any subsequent changes are made in the basic Philippine rate of duty on any of the above-mentioned article, such articles shall automatically be accorded the corresponding margins of preference indicated in column 9 of Annex “A” hereof.

Sec. 3. After the effective date of this order, all the above-described articles entered or withdrawn from warehouse in the Philippines for consumption shall be subject to qualification under the Rules of Origin as prescribed in the Agreement on ASEAN Preferential Trading Arrangements ratified on August 1, 1977.

Sec. 4. This Order shall take effect as of 29 August 1981.

Done in the City of Manila, this 16th day of July, in the year of Our Lord, nineteen hundred and eighty-one.
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Since 19.07.98.