Question & AnswerQ&A (EXECUTIVE ORDER NO. 767)
The primary purpose of Executive Order No. 767 is to modify the rates of duty on certain imported articles under the Tariff and Customs Code of 1978 to implement the Philippines' commitment under the Agreement with Japan for an Economic Partnership.
The President is empowered under Section 402 of the Tariff and Customs Code of 1978, as amended, to modify rates of duty for the promotion of foreign trade.
It implements the Agreement between the Republic of the Philippines and Japan for an Economic Partnership signed on September 9, 2006.
The articles specifically listed in the Annex of Executive Order No. 767, which includes those granted tariff concessions under the Agreement with Japan.
The new rates as indicated in Columns 4 to 14 of the Annex are to be applied to imports originating from Japan, subject to compliance with the Rules of Origin under the Agreement.
Rates of duty represented by the symbol aRa are subject to negotiations in the fourth year from the entry into force of the Agreement.
Rates of duty with the symbol aSa are subject to negotiations in the year 2009, as indicated in the Notes for Schedule of the Philippines under the Agreement.
It took effect fifteen days after its complete publication in a newspaper of general circulation in the Philippines.
All presidential issuances, administrative rules, and regulations inconsistent with EO No. 767 are repealed or modified accordingly.
The Senate concurred in the ratification of the Agreement through Senate Resolution No. 131 on October 8, 2008.