Question & AnswerQ&A (EXECUTIVE ORDER NO. 335)
The purpose of Executive Order No. 335 is to designate the Bureau of Customs as the certifying authority authorized to issue certificates of origin for Philippine exports under the Generalized Scheme of Preferences (GSP) of the United Nations Conference on Trade and Development (UNCTAD).
The Bureau of Customs was designated as the certifying authority under Executive Order No. 335.
The Generalized Scheme of Preferences (GSP) is a program initiated by the United Nations Conference on Trade and Development (UNCTAD) to promote and expand export trade of developing countries by allowing developed countries to reduce or eliminate tariffs and other trade barriers.
A certificate of origin is an official document issued by the designated certifying agency (Bureau of Customs) that certifies the origin of exported products eligible under the Generalized Scheme of Preferences.
The Philippines found it beneficial because it could take advantage of reduced or eliminated tariff and trade barriers, thereby promoting and expanding its export trade.
UNCTAD initiates and adopts the rules of implementation for the Generalized Scheme of Preferences aimed at liberalizing world trade and promoting export trade of developing countries.
No, the Executive Order No. 335 does not specify any penalties for non-compliance by the certifying authority.
Executive Order No. 335 was signed into effect on August 30, 1971.
The Executive Order was also signed by Alejandro Melchor, the Executive Secretary.