GTEB CIRCULAR NO. 002, S. OF 2000, January 14, 2000

[ GTEB CIRCULAR NO. 002, S. OF 2000, January 14, 2000 ]

MODIFICATION IN THE REGULAR EA ALLOCATION SYSTEM

The Board on 11 January 2000 approved and confirmed the following modification in the Regular EA Allocation System.

1. Redefinition of Big and Small Firm:

• Big Firm — Firm with FOB Exports of at least $2M

• Small Firm — Firm with FOB Exports below $2M

2. Simplification of Procedures:

• Separation of the distribution of allocable balance to 60% basket for big firms, and 40% for small firms instead of splitting the sum of the allocable balance into 60%/40% basket after each round of allocation, and

• Transfer of remaining balance, if any, to the other basket which has not been satisfied.

3. Creation of Children's Basket

• Distribution of allocable balance to T and NT Baskets as follows:

Category

T

NT

338/9

30%

70%

347/8

30%

70%

638/9

50%

50%

647/8

50%

50%

3/651

30%

70%

3/642

30%

70%

345

30%

70%

634

30%

70%

3/640

30%

70%

445/6

30%

70%

3/641

30%

70%

336

50%

50%

635

30%

70%

7/8A

30%

70%

4. Reduction of the 20% cap on Small Baskets to 10%

5. Extension of the validity of awards

• Awards under Critical and Semi-Critical categories may be extended only once for a period of three-months.

6. Allocation Based on Shipment date for Non-Critical Categories:

• Pro-rata allocation for the similar declared shipment dates in cases where the remaining allocable balance is not sufficient to cover the said application.

7. Assessment Fees:

• Assessment fees shall be as follows:

— Critical Categories, except 3/631 and 361:

T

NT

REA

P20/doz

P30/doz.

CEA

P30/doz

P50/doz.

This takes effect fifteen (15) days from date of publication.

Adopted: 14 Jan. 2000

(SGD.) FELICITAS R. AGONCILLO-REYES

Executive Director