EXECUTIVE ORDER NO. 162

: It implements provisions from the Basic Agreement on the ASEAN Industrial Cooperation Scheme (AICO) signed in Singapore on 27 April 1996.
: Philippine Auto Components, Inc. (PAC) from the Philippines and Denso Thailand Co., Ltd. from Thailand are the participating companies.
: Products include fan assembly and shroud assembly, evaporators for air-conditioning machines, upper/lower tanks for aluminum radiators, and core subassembly for aluminum radiators.
: The preferential tariff rate provided is 3% for the specified parts and components under the AICO scheme.
: The rates became effective on 12 November 2002 for the Thai AICO entity and the Executive Order took effect immediately upon signing, dated January 10, 2003.
: If the MFN rate is lowered below the AICO rate, the lower MFN rate automatically applies to the articles listed in Annex A.
: A Certificate of Origin - Form "D" is required to prove qualification under the Rules of Origin for the CEPT.
: The COE No. Denso/2002/6 certifies the eligibility of participating companies in the Denso AICO Arrangement to avail of the preferential tariff rates.