Question & AnswerQ&A (EXECUTIVE ORDER NO. 157)
The main purpose of Executive Order No. 157, s. 2014 is to modify the rates of import duty on certain imported articles, specifically motor vehicle components, parts, and/or accessories, to implement the amended tariff reduction schedule under the Agreement Between the Republic of the Philippines and Japan for an Economic Partnership (PJEPA).
The tariff modifications in EO No. 157, s. 2014 are based on the Agreement Between the Republic of the Philippines and Japan for an Economic Partnership (PJEPA).
The PJEPA was signed on September 9, 2006, and ratified by the Philippine Senate through Resolution No. 131 on October 8, 2008.
Section 402 of the Tariff and Customs Code of the Philippines (TCCP), as amended, authorizes the President, upon recommendation of the National Economic and Development Authority (NEDA), to modify import duties to promote foreign trade.
The proper Certificate of Origin (CO) Form JP must be submitted to avail of the PJEPA rates for imports from Japan.
Section 3 states that all articles listed in the Annex shall be subject to the rates of duty prescribed therein, contingent upon compliance with the Rules of Origin as provided in Chapter 3 of PJEPA.
Yes, Section 4 of EO No. 157 clarifies that the Philippines retains the right to invoke all trade remedy measures under the law, PJEPA, and other international agreements against import surges.
The Order takes effect immediately upon its publication in a newspaper of general circulation.
All inconsistent issuances, orders, rules, or regulations, or parts thereof, are repealed, amended, or modified accordingly as stated in Section 5 of the Order.
Section 6, the Separability Clause, provides that if any part of the Order is declared invalid or unconstitutional, the other provisions will remain valid and subsisting.