MALACAÑANG
Manila

 BY THE PRESIDENT OF THE PHILIPPINES

EXECUTIVE ORDER NO. 338

AMENDING EXECUTIVE ORDER NO. 87, SERIES OF 2002, ENTITLED "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 / 2000 / 10 / A)"

 WHEREAS, AICO Certificate of Eligibility No. Honda / 2000 / 10 was issued on 19 June 2001 to Oriental Assemblers Sdn. Bhd., Honda Autoparts Manufacturing [M] Sdn. Bhd.) and Honda Cars Philippines, Inc. as participating companies in the Honda AICO Arrangement which shall qualify for 0-5% preferential tariff rates, local content accreditation where applicable, and other privileges to be extended by Malaysia to the Philippines;

             WHEREAS, pursuant to said Certificate of Eligibility, Executive Order No. 87 dated 18 March 2002 was issued implementing tariff rates on certain products under the AICO Arrangement of Honda Cars Philippines, Inc., Oriental Assemblers Sdn. Bhd. and Honda Autoparts Manufacturing [M] Sdn. Bhd. on certain original equipment manufacture (OEM) automotive parts/components for Honda Civil passengers cars (HS Hdg. 8703.90 10);

 WHEREAS, on 18 February 2004, AICO Certificate of Eligibility No. Honda 2000 / 10 (A) was re-issued to Honda Malaysia Sdn Bhd., Honda Autoparts Manufacturing [M] Sdn. Bhd., and Honda Cars Philippines, Inc. thus nullifying AICO Certificate of Eligibility No. Honda / 2000 / 10 issued to Oriental Assemblers Sdn. Bhd., Honda Autoparts Manufacturing [M] Sdn. Bhd. and Honda Cars Philippines, Inc.

             WHEREAS, it is thus necessary to amend Executive Order No. 87 to the effect the change of one of the participating companies from Oriental Assemblers Sdn. Bhd. to Honda Malaysia Sdn. Bhd.;

             NOW, THEREFORE, I, GLORIA MACAPAGAL ARROYO, President of the Philippines, pursuant to the powers vested in me under Section 402 of the Tariff and Customs Code of 1978, as amended, do hereby order:

             SECTION 1. The fourth WHEREAS Clause of Executive Order No. 87 dated 18 March 2002 is hereby amended to read as follows:

            "WHEREAS, under the Honda AICO Arrangement, the Philippines (Honda Cars Philippines) will import from Indonesia (P.T. Honda Prospect Motor) and Malaysia (Honda Malaysia Sdn. Bhd. and Honda Autoparts Manufacturing [M] Sdn. Bhd.) certain original equipment manufacture (OEM) automotive parts/components for Honda Civic passenger cars (AHTN 8703.90.26A, 8703.90.27A&8703.90.28A).  In exchange Indonesia and Malaysia will import from the Philippines other complementary parts / components for the OEM of Honda Civic.

            SECTION 2.  Section 4 of Executive Order No. 87 dated 18 March 2002 is hereby amended to read as follows:

            "The AICO rate provided in Annex "B" shall be accorded to the AICO entities in Malaysia) Honda Malaysia Sdn. Bhd. and Honda Autoparts Manufacturing [M] Sdn. Bhd., and in Indonesia (P.T. Honda Prospect Motor) upon the effectivity of this Order".

           SECTION 3.  Annex "B" of Executive Order No. 87 dated 18 March 2002 is hereby amended to read as follows:


                                                     ARTICLES GRANTED PREFERENTIAL TARIFF UNDER THE
                                                                    APPROVED HONDA AICO SCHEME
 

            SECTION 4.  This Executive Order shall take effect after fifteen (15) days following its publication in two (2) newspapers of general circulation.

            Done  in the City of Manila, Philippines, this 23rd day of July in the year of Our Lord, Two Thousand and Four.


                                                                                                                                Signature of the President

By the President:

        (signed)
ALBERTO G. ROMULO
 Executive Secretary

 

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