Title
CEPT Rates on Imports from Ecozone Locators
Law
Executive Order No. 214
Decision Date
May 31, 2003
Executive Order No. 214 imposes Common Effective Preferential Tariff rates on qualified imports from ecozone locators in the Philippines, with the ASEAN CEPT rates being given to imports from ASEAN Member States and products sold by ecozone locators to the domestic customs territory being imposed the Most Favored Nation rates.
tariff rates
ecozone imports
common effective preferential tariff
A

Q&A (EXECUTIVE ORDER NO. 214)

It applies to all manufactured products, including capital goods, processed agricultural products, and those products falling under the definition of agricultural products as stated in the Agreement.

At least 40% of its content must originate from any ASEAN Member State.

They were imposed the Most Favored Nation (MFN) tariff rates.

Republic Act Nos. 7227, 7916, 7903, and 7922.

If at least 40% of the product content originates from any ASEAN Member State and the products qualify under the Rules of Origin as provided in the CEPT Agreement.

Such articles will automatically be accorded the corresponding lower duty as stated in Section 2 of the order.

The Department of Finance, Philippine Economic Zone Authority, Subic Bay Metropolitan Authority, Clark Special Economic Zone Authority, Board of Investments, and other relevant agencies.

Immediately following its complete publication in two newspapers of general circulation in the Philippines.


Analyze Cases Smarter, Faster
Jur helps you analyze cases smarter to comprehend faster, building context before diving into full texts. AI-powered analysis, always verify critical details.

About Privacy Terms