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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 88 - MODIFYING
THE RATES OF DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED UNDER THE
TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED, IN ORDER TO IMPLEMENT THE
PREFERENTIAL TARIFF RATES ON CERTAIN PRODUCTS UNDER THE ASEAN
INDUSTRIAL COOPERATION (AICO) SCHEME, IN FAVOR OF MITSUBA PHILIPPINES
CORPORATION (MPC)
WHEREAS,
the Philippines is a Contracting Party to the Basic Agreement on the
ASEAN Industrial Cooperation Scheme (AICO) signed in Singapore on 27
April 1996;
WHEREAS, the Philippines is a participating country in the approved
AICO Arrangement of Mitsuba Philippines Corporation (MPC) along with
Thailand;
WHEREAS, under the MPC AICO Arrangement, the Philippines (Mitsuba
Philippines Corporation) will import from Thailand (Thai Summit Mitsuba
Manufacturing Corporation, Ltd.) wiper motor components and link units
for the manufacture of wiper assembly, and in exchange, Thailand
(TSMMC) will import from the Philippines frame units, brush holder,
bottom cover, and bracket assemblies for the manufacture of wiper
assemblies;
WHEREAS, AICO Certificate of Eligibility (COE) No. Mitsuba/2001/1(A)
was re-issued on 04 July 2001, in favor of the participating companies
in the MPC AICO Arrangement, nullifying AICO Certificate of Eligibility
No. Mitsuba/2001/1 issued on 16 April 2001, in favor of the
participating companies in the MPC AICO Arrangement; and
WHEREAS, in consonance with Articles 5 and 7 of the Basic Agreement of
the AICO Scheme, participating companies in the approved MPC AICO
Arrangement shall qualify for 0-5% preferential tariff rates to be
extended by the Philippines and Thailand as participating countries,
effective within 45 days from the date of issuance of Certificate of
Eligibility No. Mitsuba/2001/1 (A) by the ASEAN Secretariat.
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, 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.
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
Sec. 6.
DONE in the City of Manila,
this 18th day of March, in the year of Our Lord, Two Thousand and Two.
Annex “A”
ARTICLES GRANTED PREFERENTIAL TARIFF UNDER THE APPROVED MITSUBA AICO
SCHEME
85.12
851240 00
851290 00
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Since 19.07.98.