BY THE PRESIDENT OF THE PHILIPPINES
EXECUTIVE ORDER NO. 71
MODIFYING THE RATES OF DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED FOR UNDER THE TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED, IN ORDER TO IMPLEMENT THE 1999-2003 PHILIPPINE SCHEDULE OF TARIFF REDUCTION OF PRODUCTS TRANSFERRED FROM THE TEMPORARY EXCLUSION LIST TO THE INCLUSION LIST UNDER THE NEW TIME FRAME OF THE ACCELERATED COMMON EFFECTIVE PREFERENTIAL TARIFF SCHEME FOR THE ASEAN FREE TRADE AREA (CEPT-AFTA)
NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, 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 articles specifically listed in Annex "A" (Articles Granted Concessions Under the CEPT-AFTA) hereof as classified under Section 104 of the Tariff and Customs Code of 1978, as amended, shall be subject to the ASEAN Common Effective Preferential Tariff in accordance with the 1999-2003 schedule indicated in Columns 4-8 of Annex "A". The CEPT rates so indicated shall be accorded to any ASEAN Member State as soon as that country implements its CEPT tariff reduction schedules on the articles specified in Annex "A" hereof.
SECTION 2. In the event that any subsequent changes are made in the basic (MFN) Philippine rate of duty on any of the articles listed in Annex "A" to a rate lower than the rate prescribed in Columns 4-8, such article shall automatically be accorded the corresponding reduced rate of duty.
SECTION 3. The Margins of Preference (MOPs) accorded under the ASEAN Preferential Trading Arrangement shall no longer be extended to any of the products listed in Annex "A" hereof.
SECTION 4. From the date of effectivity of this Order, all articles listed in Annex "A" entered or withdrawn from warehouses in the Philippines for consumption shall be imposed the rates of duty therein prescribed subject to qualification under the Rules of Origin as provided for in the Agreement on the CEPT Scheme for the AFTA signed on 28 January 1992.
SECTION 5. All decrees, order, issuances, and rules and regulations, or parts thereof, which are contrary to or inconsistent with this Executive Order are hereby repealed, amended or modified accordingly.
SECTION 6. This Executive Order shall take effect 1 January 1999.
DONE in the City of Manila, this 15the day of January in the year of our Lord, Nineteen Hundred and Ninety Nine.
By the President:
RONALDO B. ZAMORA
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