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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 237 - 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
DECISION TAKEN BY THE THIRTY-FIFTH MEETING OF THE COMMITTEE ON
INDUSTRY, MINERALS AND ENERGY (COIME) OF THE ASEAN ECONOMIC MINISTERS
(AEM) TO EXTEND A MINIMUM NINETY PER CENTUM (90%) MARGIN OF PREFERENCE
(MOP) TO CONSTANT VELOCITY JOINT DRIVESHAFTS ASSEMBLY AND PARTS THEREOF
UNDER THE AGREEMENT ON ASEAN INDUSTRIAL JOINT VENTURES (AIJV)
WHEREAS, the Philippines is a
Contracting Party to the Revised Basic Agreement on ASEAN Industrial
Joint Ventures (BAAIJV) signed in Manila on 15 December 1987;
WHEREAS, the Philippines, along with Malaysia and Thailand, is a
participating country in the Constant Velocity Joint Driveshaft - Asian
Driveshaft (Malaysia) Sdn. Bhd. AIJV project that was approved during
the Thirty-Fifth Meeting of the COIME held in Manila on 16-18 July 1992;
WHEREAS, in accordance with paragraph 1 of Article III of the Revised
BAAIJV, all participating countries shall extend a minimum ninety per
centum (90%) Margin of Preference (MOP) to new AIJV products within
ninety (90) days of their commercial production;
WHEREAS, under paragraph 3(c) of Article III of the Revised BAAIJV, the
participating countries shall waive their rights under Chapter II,
Article 8, paragraph 2, of the ASEAN Preferential Trading Arrangements
(PTA) for a four-year period commencing from the actual date of
commercial production of the new AIJV product in respect of entities
that are not AIJVs but produce the same products within their
countries;
WHEREAS, under paragraph 3(a) of Article III of the same Agreement,
non-participating countries shall initially waive their rights under
Chapter II, Article 8, paragraph 2, of the ASEAN PTA for the first four
years but, at any time thereafter, can enjoy the MOP granted by
participating countries as soon as they extend the same MOP;
WHEREAS, constant velocity joint driveshafts assembly and parts thereof
are new AIJV products whose commercial production by ASIAN DRIVESHAFT
SDN. BHD. Penang (Malaysia) started on 1 January 1994;
NOW, THEREFORE, I FIDEL V. RAMOS, President of the Philippines,
pursuant to the powers vested in me under Sec. 402 of the Tariff and
Customs Code of 1978, as amended, do hereby order:
Section 1.
ex 8708.99
Sec. 2.
Sec. 3.
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Sec. 5.
Sec. 6.
Done in the City of Manila,
this 24th day of April, in the year of Our Lord, nineteen hundred and
ninety five.
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Since 19.07.98.