EXECUTIVE ORDER NO. 140, February 27, 1987

[ EXECUTIVE ORDER NO. 140, February 27, 1987 ]

MODIFYING THE RATES OF IMPORT DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED FOR IN THE TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED, IN ORDER TO IMPLEMENT THE MARGINS OF PREFERENCE IN ACCORDANCE WITH THE ASEAN AGREEMENT ON PREFERENTIAL TRADING ARRANGEMENTS WITH RESPECT TO CERTAIN ARTICLES NEGOTIATED DURING THE NINETEENTH AND TWENTIETH MEETINGS OF THE ASEAN COMMITTEE ON TRADE AND TOURISM.

Pursuant to the powers vested in me under Section 402 of the Tariff and Customs Code of 1978, as amended, I, CORAZON C. AQUINO, President of the Philippines do hereby order:

SECTION 1. The articles specifically listed hereunder as classified under Section 104 of the Tariff and Customs Code of 1978, as amended, shall be accorded the margins of tariff preference as specified in Column 4. In effect, such articles shall be subject to the Preferential Tariff for ASEAN in accordance with the schedule indicated opposite each article as specified in Column 5.

Tariff Heading

Description of Product

Rate of Duty

Margin of Preference

ASEAN Preferential Tariff

(1)

(2)

(3)

(4)

(5)

ex. 33.06 900 Creams and balms 50%

Additional 20%

30%

40.03 000 Reclaimed rubber

20%

Additional 5%

15%

ex 42.03 000 Sports gloves of leather

50%

Additional 20%

30%

ex 20.06 900 Longan in air tight containers

50%

Additional 10%

35%

ex 76.10 000 Tubes for toothpaste

30%

Additional 5%

18%

SEC. 2. In the event that any subsequent changes are made in the basic Philippine rate of duty on any of the above-mentioned articles, such articles shall automatically be accorded the corresponding margins of preference indicated in Column 4.

SEC. 3. After the effective date of this Order, all the above-described articles entered or withdrawn from warehouse in the Philippines for consumption shall be subject to qualification un the Rules of Origin as prescribed in the Agreement on ASEAN Preferential Trading Arrangements ratified on August 1, 1977.

SEC. 4. This Executive Order shall take effect immediately.

DONE in the City of Manila, this 27th day of February in the year of Our Lord, nineteen hundred and eighty-seven.

(Sgd.) CORAZON C. AQUINO

By the President:

(Sgd.) JOKER P. ARROYO Executive Secretary