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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 245 - 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 NISSAN MOTOR
PHILIPPINES, INC. (NISSAN) — (COE NO. NISSAN/2003/5)
WHEREAS,
the Philippines is a Contracting Party to the Basic Agreement on the
ASEAN Industrial Cooperation Scheme signed in Singapore on 27 April
1996;
WHEREAS, the Philippines is a participating country in the approved
AICO Arrangements of Nissan Motor Philippines, Inc. along with Thailand;
WHEREAS, under the Nissan AICO Arrangement, the Philippines (Nissan
Motor Philippines, Inc.) will import from Thailand (Siam Nissan
Automobile Co. Ltd.) certain original equipment manufacture (OEM)
automotive parts/components for Nissan Sentra passenger cars (HS
8703.90 10). In exchange, Thailand will import from the Philippines
complementary component parts for OEM Nissan Sunny passenger cars;
WHEREAS, AICO Certificate of Eligibility No. Nissan/2003/5 was issued
on 10 April 2003 in favor of the participating companies in the Nissan
AICO Arrangement;
WHEREAS, in consonance with Articles 5 and 7 of the Basic Agreement of
the (AICO) Scheme, participating companies in the approved Nissan AICO
Arrangement shall qualify for 0-5% preferential tariff rates to be
extended by the Philippines and Thailand 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 Custom Code of the 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 3rd day of October, in the year of our Lord, Two Thousand and
Three.
ANNEX “A”
ARTICLES GRANTED PREFERENTIAL TARIFF UNDER THE APPROVED NISSAN AICO
SCHEME
HS
CODE
8703.90 10
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Since 19.07.98.