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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 372 - 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 90% MARGIN OF PREFERENCE ON CERTAIN PRODUCTS INCLUDED IN
THE ASEAN INDUSTRIAL JOINT VENTURES (AIJV). WHERE THE PHILIPPINES IS
PARTICIPATING, AS PROVIDED FOR IX ARTICLE III PARAGRAPHS 1 AND 6 OF THE
REVISED BASIC AGREEMENT ON AIJV
WHEREAS,
the Third ASEAN Summit in December 1987 agreed to a further deepening
of the margin preference (MOP) from a minimum of 75 percent to 90
percent under the Revised Basic Agreement on the ASEAN Industrial Joint
Ventures (BAAIJV);
WHEREAS, Article III, paragraphs 1 and 6 of the Revised BAAIJV provides
that the 90 percent MOP shall be extended within 90 days of the
relevant AIJV projects’ commercial operations or within 90 days
approval for the inclusion of the said projects in the ASEAN Product
List (APL), whichever comes first;
WHEREAS, Article IV of the Revised BAAIJV provides that the Agreement
shall take effect 30 days after the deposit of the sixth Instrument of
Ratification;
WHEREAS, the Revised BAAIJV was concurred in and adopted by the
Philippine Senate on 18 October 1988 as per Senate Resolution No. 43,
and that the President subsequently signed the Instrument of
Ratification on 24 January 1989, after which it was deposited as the
sixth instrument of ratification with the ASEAN Secretary-General in
March 1989;
WHEREAS, slaughtered meat and mechanical and power rack and pinion
steerings and constant velocity joints are existing AIJV products
already granted a 75 percent margin of preference (MOP) as per
Executive Order No. 281 dated 25 July 1987;
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, as amended, do hereby order;
Section 1.
CCCN No.
02.01 100
02.01
200
ex 87.06 900
ex 87.06 900
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
Done in the City of Manila,
this 29th day of September, in the year of Our Lord, nineteen hundred
and eighty-nine.
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