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PHILIPPINE LAWS, STATUTES & CODES
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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 192 - 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 NO. HONDA /2002/26)
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 Honda Cars Philippines, along with Malaysia;
WHEREAS, under the Honda AICO arrangement, the Philippines (Honda Car
Philippines, Inc.) will import from Malaysia (Honda Malaysia Sdn Bhd.)
certain original equipment manufacture (OEM) automotive
parts/components for Honda CR-V light commercial vehicles (H.S.
8702.90.10). In exchange, Malaysia will import from the Philippines
complementary parts/components for the OEM of Honda City and Civic;
WHEREAS, AICO Certificate of Eligibility (COE) No. Honda/2002/26 was
issued on 19 December 2002, in favor of the participating companies in
the Honda AICO Arrangement;
WHEREAS, in consonance with Article 5 and 7 of the Basic Agreement of
the AICO Scheme, participating companies in the approved Honda AICO
Arrangement shall qualify for 0–5% preferential tariff rates to be
extended by Malaysia and the Philippines as participating countries;
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 31st day of March, in the year of our Lord, Two Thousand and Three.
ANNEX “A”
ARTICLES GRANTED PREFERENTIAL TARIFF UNDER THE APPROVED HONDA AICO
SCHEME
8702.90 10
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Since 19.07.98.