PROCLAMATION NO. 49, July 12, 1954

WHEREAS, paragraphs 1 and 2, article I of the
Agreement between the Republic of the Philippines and the United States of
America concerning Trade and Related Matters which was signed at Manila on July
4, 1946, provide as follows:

ARTICLE I

1. During the period from the date of the entry
into force of this Agreement to July 3, 1954, both dates inclusive, United
States articles as defined in subparagraph (e) of paragraph I of the
Protocol to this Agreement entered, or withdrawn from warehouse, in the
Philippines for consumption, and Philippine articles as defined in Subparagraph
(f) of Paragraph 1 of the Protocol entered, or withdrawn from warehouse,
in the United States for consumption, shall be admitted into the Philippines
and the United States, respectively, free of ordinary customs duty.

2. The ordinary customs duty to be collected on
United States articles as defined in subparagraph (e) of paragraph 1 of
the Protocol, which during the following portions of the period from July 4,
1954, to July 3, 1974, both dates inclusive, are entered, or withdrawn from
warehouse; in the Philippines for consumption, and on Philippine articles as
defined in subparagraph (f) of paragraph 1 of the Protocol, other than
those specified in Items D to G, both inclusive, of the Schedule to Article II,
which during such portions to such period are entered, or withdrawn from
warehouse, in the United States for consumption, shall be determined by
applying the following percentages of the Philippine duty as defined in
subparagraph (h) of paragraph 1 of the Protocol, and of the United
States duty as defined in subparagraph (g) of paragraph 1 of the
Protocol, respectively:

(a) During the period from July 4, 1954,
to December 31, 1954, both dates inclusive, five per centum.

(b) During the calendar year 1955, ten per
centum.

(c) During each calendar year after the
calendar year 1955 until and including the calendar year 1972, a percentage
equal to the percentage for the preceding calendar year increased by five per
centum of the Philippine duty and the United States five per centum
of the Philippine duty and the United States duty, respectively, as so defined.

(d) During the period from January 1,
1973, to July 3, 1974, both dates inclusive, one hundred per centum.

WHEREAS, Philippine Republic Act No. 1137 of June
16, 1954, entitled “An Act to Amend Commonwealth Act Seven Hundred and
Thirty-Three” authorized the extension on the basis of reciprocity up to
December 31, 1955, of the duty free entry of United States articles in the
Philippines as provided for in paragraph 1, article I of the Agreement, in lieu
of the treatment specified in subparagraphs (a) and (b),
paragraph 2, article I;

WHEREAS, the United States public law of July 5,
1954, entitled “An Act to provide for an extension on a Reciprocal Basis of the
period of the Free Entry of Philippine articles in the United States” likewise
authorized the extension on the basis of reciprocity up to December 31, 1955,
of the duty-free entry of Philippine articles in the United States as specified
in paragraph 1, article I of the said Agreement, in lieu of the treatment
specified in subparagraphs (a) and (b), paragraph 2, article I;
and

WHEREAS, in pursuance of the Act of the United
States Congress of July 5, 1954, the President of the United States of America
has issued a Proclamation dated July 10, 1954, extending the duty-free
treatment provided for in paragraph 1, article I of the said agreement, in lieu
of the treatment specified in subparagraphs (a) and (b),
paragraph 2, article I, to Philippine articles (as defined in the Protocol
accompanying the Agreement) entered, or withdrawn from warehouse in the United
States for consumption during the period from July 4, 1954, to December 31,
1955, both dates inclusive;

Now, THEREFORE, be it known that I, Ramon
Magsaysay, President of the Philippines, pursuant to Republic Act No. 1137, of
June 16, 1954, do hereby proclaim the extension of the duty-free treatment
provided for in article I, paragraph 1, of the Agreement, in lieu of the
treatment provided for in article I, paragraph 2, subparagraphs (a) and
(b), to United States articles (as defined in the Protocol) entered, or
withdrawn from warehouse in the Philippines for consumption during the period
from July 4, 1954, to December 31, 1955, both dates inclusive, to the end that
the same and every part thereof may be observed and fulfilled with good faith
by the Republic of the Philippines, the citizens of the Republic of the
Philippines and all other persons subject to the jurisdiction thereof.

IN WITNESS WHEREOF, I have hereunto set my hand
and caused the seal of the Republic of the Philippines to be affixed.

Done in the City of Manila, this 12th day of
July, in the year of Our Lord, nineteen hundred and fifty-four, and of the
Independence of the Philippines, the ninth.

(SGD.) RAMON MAGSAYSAY
President of the Philippines

By the President:
(SGD.) FRED RUIZ CASTRO
Executive Secretary