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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 93 - 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 HONDA CARS
PHILIPPINES, INC. (HONDA) — (COE NOS. HONDA/2001/15 & HONDA/2001/16)
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 Arrangements of Honda Cars Philippines, Inc. (Honda) along with
Indonesia and Malaysia;
WHEREAS, under the Honda AICO Arrangement, the Philippines (Honda Cars
Philippines, Inc.) will import from Indonesia (PT. Honda Prospect
Motor) certain original equipment manufacture (OEM) automotive
parts/components for Honda Civic and Accord passenger cars (HS 8703.90
10). In exchange, Indonesia will import from the Philippines
complementary parts/components for the OEM of Honda Civic and Accord;
WHEREAS, under the Honda AICO Arrangement, the Philippines (Honda Cars
Philippines, Inc.) will import from Malaysia (Oriental Assemblers Sdn.
Bhd., and Honda Autoparts Manufacturing [M] Sdn. Bhd.) certain original
equipment manufacture (OEM) automotive parts/components for Honda CR-V
light commercial vehicles (HS 8702.90 10). In exchange, Malaysia will
import from the Philippines complementary parts/components for the OEM
of Honda CR-V;
WHEREAS, AICO Certificate of Eligibility (COE) Nos. Honda/2001/15 and
Honda/2001/16 were issued on 29 and 31 October 2001, respectively, in
favor of the participating companies in the Honda AICO Arrangements;
WHEREAS, in consonance with Articles 5 and 7 of the Basic Agreement of
the AICO Scheme, participating companies in the approved Honda AICO
Arrangements shall qualify for 0-5% preferential tariff rates to be
extended by Indonesia, Malaysia and the Philippines for Honda.
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 9th day of April in the year of Our Lord, Two Thousand and
Two.
ANNEX “A”
ARTICLES GRANTED PREFERENTIAL TARIFF UNDER THE APPROVED HONDA AICO
SCHEME
8702.90 10
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Since 19.07.98.