Question & AnswerQ&A (EXECUTIVE ORDER NO. 8)
The primary purpose is to restructure the rates of import duties and amend the classification of certain articles under Section 104 of the Tariff and Customs Code of 1978, as amended, to promote economic recovery and sustainable long-term growth by removing structural impediments such as import restrictions.
Section 104 of the Tariff and Customs Code of 1978, as amended, specifically concerning the classification and rates of import duties on certain articles.
These articles will pay the rates of import duty as classified under Section 104 of the Tariff and Customs Code, which shall be applied by stages according to the schedules indicated opposite each article.
The 1996 rates of duty shall continue to be levied, imposed, and collected in succeeding years until otherwise modified.
No, the rates of import duties and classifications of articles not affected by Section 1 remain in force and effect.
This Executive Order takes effect thirty (30) days following its publication in two national newspapers of general circulation in the Philippines.
They are repealed or modified accordingly to ensure consistency with this Executive Order.
Import restrictions had hampered trade flow between the Philippines and the rest of the world and hindered efficient development of local industries.
The government will provide interim support measures, including increased tariff protection in lieu of import restrictions, to help these industries develop their competitiveness and efficiency.