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 10% MARGIN OF PREFERENCE (M…

12.00

WHEREAS, the Philippines, along with 47 developing countries, is a participant
in the Agreement on the Global System of Trade Preferences (GSTP) Among
Developing Countries signed in Belgrade, Yugoslavia, on 13 April 1988;

WHEREAS, the GSTP aims to promote and sustain mutual trade, foster
collective self-reliance and enhance economic cooperation among developing
member-countries of the Group of 77 through exchanges of trade concessions;

WHEREAS, the participation of the Philippines in the First Round of Trade
Negotiations under the GSTP following its launching during the GSTP Ministerial
Meeting held in Brazil on 19-23 May 1986 and its conclusion at the Belgrade
Ministerial Meeting in April 1988 resulted in an exchange of direct tariff
concessions with South Korea and India;

WHEREAS, the Philippine concessions have not been implemented pending the
Philippine Government’s ratification of the Agreement and the deposit of the
instrument of the ratification with the Agreement’s depository, the Government
of the Socialist Federal Republic of Yugoslavia;

WHEREAS, the Agreement on the Global System of Trade Preferences Among
Developing Countries was finally ratified by the Philippine Senate on 02
September 1991 and the instrument of ratification subsequently deposited with
the depository on 24 February 1992;

NOW, THEREFORE, I, FIDEL V.
RAMOS, President of the Philippines, by pursuant to
the powers vested in me under Section 402 of the Tariff and Customs Code of
1978, as amended, do hereby order that:

SECTION 1. The articles
specifically listed in Annex “A” as classified under Section 104 of the Tariff
and Customs Code of 1978, as amended, shall be accorded to 10% Margin of
Preference (MOP) as shown in Column 9 of said Annex “A”. Accordingly, such
articles shall be subject to the Preferential Tariffs indicated in Columns
10-14 of Annex “A”.

SEC. 2. In the event that any
subsequent changes are made in the basic Philippine rate of duty on any of the
articles listed in Annex “A”, such articles shall be automatically accorded the
corresponding MOP indicated in Column 9 of said Annex “A”.

SEC. 3. The MOP indicated in
Column 9 of Annex “A” shall apply only to imports from participants in the
Agreement on the GSTP as defined in Article 1 (a) thereof.

SEC. 4. After the effective date
of this Order, all the above-described articles entered or withdrawn from
warehouses in the Philippines for consumption shall be subject to qualification
under the Rules of Origin as prescribed in the Agreement on the GSTP.

SEC. 5. This Order shall take
effect on 1 January 1994.

Done in the City of Manila, this 27th day of DECEMBER, in the year of Our Lord, Nineteen Hundred and
Ninety-Three.

(Sgd.) FIDEL V.
RAMOS
President of the Philippines

By the President:

(Sgd.) TEOFISTO T. GUINGONA, JR.
Executive Secretary

Normal
0

false
false
false

EN-US
X-NONE
X-NONE

MicrosoftInternetExplorer4

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-qformat:yes;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:”Calibri”,”sans-serif”;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-fareast-font-family:”Times New Roman”;
mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:”Times New Roman”;
mso-bidi-theme-font:minor-bidi;}