Title
Modifying duty rates for AICO imports
Law
Executive Order No. 526
Decision Date
May 12, 2006
Gloria Macapagal Arroyo's Executive Order No. 526 establishes 0% preferential tariff rates for specific imported automotive components under the ASEAN Industrial Cooperation Scheme, facilitating trade between the Philippines and Thailand.
A

Q&A (EXECUTIVE ORDER NO. 526)

The authority is vested under Section 402 of the Tariff and Customs Code of 1978, as amended.

A 0% preferential tariff rate is accorded to the listed articles under the AICO scheme.

The Philippines and Thailand are the participating countries in the approved AICO arrangement referenced.

Philippine Auto Components, Inc. (PACI) from the Philippines and Denso (Thailand) Co., Ltd. from Thailand.

Certain original equipment manufacture (OEM) parts/components for motor vehicles and complementary parts/components for OEM of motor vehicles.

It takes effect fifteen (15) days after its complete publication in two newspapers of general circulation in the Philippines.

A Certificate of Origin in Form A must be presented to evidence qualification under the Rules of Origin for the CEPT.

It certifies the eligibility of the Philippines' Philippine Auto Components, Inc. to import from Thailand's Denso (Thailand) Co., Ltd. certain OEM parts/components under the AICO scheme.

Articles are classified under Section 104 of the Tariff and Customs Code of 1978, as amended, for the purpose of accorded tariff rates.


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