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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 288 - MODIFYING
THE NOMENCLATURE AND THE RATES OF IMPORT DUTY ON CERTAIN IMPORTED
ARTICLES UNDER SECTION 104 OF THE TARIFF AND CUSTOMS CODE OF 1978
(PRESIDENTIAL DECREE NO. 1464), AS AMENDED
WHEREAS, the Medium-Term Philippine
Development Plan (MTPDP), 1993-1998 focuses on global competitiveness
and people empowerment as the twin strategy towards achieving
sustainable economic and human development;
WHEREAS, in order to achieve global competitiveness, the said Plan
stipulates that the Government should continue to undertake the import
liberalization and the tariff reform programs towards achieving a
structure which approximates uniform effective levels of trade and
industrial protection across various sectors of the economy;
WHEREAS, during the Economic Caucus held on 22 July 1993 and the
People’s Economic Summit on 8 September 1993, it was agreed to further
liberalize trade policy through tariff reform and import liberalization;
WHEREAS, as declared in the State of the Nation Address delivered on 25
July 1994, the government “will continue, if not accelerate, the
program to reduce tariffs until these reach one uniform rate” to
improve the competitiveness of local industries;
WHEREAS, the reduction in tariff levels and n the spread of tariff
rates towards a uniform level of protection across all sectors will
promote global competitiveness, simplify the tariff structure for ease
of customs administration and provide a level playing field for local
manufacturers vis-a-vis foreign competition;
WHEREAS, Executive Order No. 264 issued on 22 July 1995 which took
effect as of 28 August 1995 implemented the tariff reduction program on
industrial products under Chapters 25-97 of the Tariff Code;
WHEREAS, there is a need to further modify tariff rates on certain
products in the said Executive Order as well as include specific items
not covered therein;
WHEREAS, a parallel tariff reduction program on agricultural products
under Chapter 1-14 of the Tariff Code had to be put in place;
WHEREAS, NEDA Resolution No. 3 (s. 1995) dated 14 February 1995
unanimously approved the adoption by the Philippines of the 1992
amendments to the Harmonized Commodity Description and Coding System;
WHEREAS, Sec. 401 of the Tariff and Customs Code of 1978
(Presidential Decree No. 1464), as amended, empowers the President to
increase, reduce or remove existing protective rates or import duty as
well as to modify the form of duty upon the recommendation of the
National Economic and Development Authority.
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Philippines, by
virtue of the powers vested in me by law, do hereby order:
Section 1.
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DONE in the City of Manila,
this 12th day of December in the year of Our Lord, Nineteen Hundred and
Ninety-Five.
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