EXECUTIVE ORDER NO. 702

: The power is granted under Section 402 of Presidential Decree No. 1464, otherwise known as the Tariff and Customs Code of 1978, as amended.
: Section 1 specifies that the articles listed in Annex aAa, classified under Section 104 of Presidential Decree No. 1464, shall be accorded additional margins of tariff preference as specified in the annex.
: Tariff preferences are indicated in the schedule in Columns 9-13 of Annex aAa and the additional margins of tariff preference are specified in Column 8.
: Any subsequent changes in the basic rate of duty will automatically accord the articles the corresponding margins of preference indicated in column 8 of Annex aAa.
: The rates take effect as of April 1, 1981.
: It refers to the Agreement on ASEAN Preferential Trading Arrangements ratified on August 1, 1977.
: The additional margins of tariff preference signify deeper tariff cuts to promote trade among ASEAN member countries by making certain imported goods more competitively priced through reduced import duties.
: They are classified under Section 104 of Presidential Decree No. 1464 (Tariff and Customs Code of 1978).