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PHILIPPINE LAWS, STATUTES & CODES
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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 281 - 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 Sec. 402 of the Tariff and
Customs Code of 1978, as amended, do hereby order:
Section 1.
Tariff
Heading
No.
ex. 0. 01 100
ex. 02.01 200
Sec. 2.
Tariff
Heading
No.
ex. 87.06 900
Sec. 3.
Sec. 4.
Sec. 5.
Sec. 6.
Sec. 7.
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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