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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 161 -
TEMPORARILY SUSPENDING THE APPLICATION OF THE TARIFF REDUCTION SCHEDULE
ON PETROCHEMICAL RESINS AND CERTAIN PLASTIC PRODUCTS UNDER THE COMMON
EFFECTIVE PREFERENTIAL TARIFF SCHEME FOR THE ASEAN FREE TRADE AREA
WHEREAS,
the Philippines is implementing a program of tariff reduction for
petrochemical resins and certain plastic products transferred from the
Temporary Exclusion List (TEL) into the Inclusion List (IL) under the
Common Effective Preferential Tariff (CEPT) Scheme for the ASEAN Free
Trade Area (AFTA);
WHEREAS, continued implementation of such tariff reduction schedule
would cause real problems with respect to the establishment of a fully
integrated and viable domestic petrochemical industry;
WHEREAS, the Protocol Regarding the Implementation of the CEPT Scheme
Temporary Exclusion List allows a Member State to temporarily delay the
transfer of a product from its TEL into the IL, or to temporarily
suspend its concession on a product already transferred into the IL, if
such a transfer or concession would cause or have caused real problems,
by reasons which are not covered by Article 6 of the Agreement;
WHEREAS, the Protocol further states that its provisions shall apply
only to the last tranche of TEL manufactured products which were in the
TEL as of 31 December 1999 or the relevant dates applicable to
Cambodia, Lao PDR, Myanmar and Vietnam;
WHEREAS, the last tranche of TEL manufactured products which were in
the Philippine TEL as of 31 December 1999 includes subject articles;
WHEREAS, pursuant to E.O. 234 dated 27 April 2000, the CEPT rates of
duty on subject articles will fall to 5% on 01 January 2003;
NOW, THEREFORE, I, GLORIA MACAPAGAL ARROYO, President of the Republic
of the Philippines, pursuant to the powers vested in me under Sec. 402 of the Tariff and Customs Code of 1978 (Presidential Decree No.
1464), as amended, do hereby order:
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
Done in the City of Manila,
this 9th day of January, in the year of our Lord Two Thousand and Three.
Annex “A”
Hdg.
No.
39.01
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Since 19.07.98.