MALACAÑANG
MANILA
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 at 31 December 1999 or the relevant dates
applicable to Cambodia, Lao PDR, Myanmar and Viet Nam;
WHEREAS, the last tranche of TEL manufactured products
which were in the Philippine TEL as at 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 Section 402 of the Tariff and Customs Code of 1978
(Presidential Decree No. 1464), as amended, do hereby order:
SECTION
1. The
implementation of the schedule of tariff reduction by the
Philippines on the products listed in “Annex A” hereof under
the AFTA-CEPT Scheme is hereby temporarily suspended.
SECTION
2. Upon
the effectivity of this Executive Order, imports of subject
articles from the ASEAN countries shall be levied the rates of
import duty indicated in the aforesaid “Annex A”.
SECTION 3. In
the event that any subsequent changes are made in the basic (MFN)
Philippine rate of duty on any of the subject articles, such
articles shall automatically be accorded the corresponding amended
rate of duty.
SECTION 4. All
other Presidential issuances, administrative rules and
regulations, or parts thereof, which are inconsistent with this
Executive Order are hereby revoked or modified accordingly.
SECTION 5. This
Executive Order shall take effect immediately following its
complete publication in two (2) newspapers of general circulation
in the Philippines.
Done in the City of Manila, this 9th day of
January, in the year of our Lord Two Thousand and Three.
Signature of the President
By the President:
ALBERTO G. ROMULO
Executive
Secretary
to
view Annex A
[ Home ] [ Up ] [ E.O. 63 ] [ E.O. 133 ] [ EO 71 ] [ EO 163 ] [ EO 168 ] [ EO 198 ] [ EO 208 ] [ EO 234 ] [ EO 237 ] [ EO 238 ] [ EO 209 ] [ EO 214 ] [ EO 215 ] [ EO 239 ] [ EO 253 ] [ EO 254 ] [ EO 276 ] [ EO 314 ] [ EO 319 ] [ EO 143 ] [ EO334 ] [ EO11 ] [ EO 465 ] [ EO 486 ] [ EO 49 ] [ EO 487 ] [ EO 453 ] [ EO 83 ] [ EO 84 ] [ EO 86 ] [ EO 87 ] [ EO 88 ] [ EO 89 ] [ EO 91 ] [ EO 92 ] [ EO 93 ] [ EO 94 ] [ EO 127 ] [ EO 128 ] [ EO 129 ] [ EO 161 ] [ EO 162 ] [ EO 163 ] [ EO 164 ] [ EO 166 ] [ EO 165 ] [ EO 196 ] [ EO 197 ] [ EO 214 ] [ EO 230 ] [ EO 241 ] [ EO 242 ] [ EO 243 ] [ EO 244 ] [ EO 245 ] [ EO 260 ] [ EO 261 ] [ EO 262 ] [ EO 263 ] [ EO 264 ] [ EO 268 ] [ EO 295 ] [ EO 300 ] [ EO 312 ] [ EO 313 ] [ EO 316 ] [ EO 299 ] [ EO 336 ] [ EO 337 ] [ EO 338 ]
