Tariff Reduction under ACFTA Early Harvest Program

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EXECUTIVE ORDER NO. 485: Tariff Reduction under ACFTA Early Harvest Program

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Title Source: Supreme Court: Tariff Reduction under ACFTA Early Harvest Program

Law: Executive Order No. 485

Decision Date: Dec 29, 2005

Gloria Macapagal-Arroyo's Executive Order No. 485 implements zero tariffs on 214 imported products as part of the Early Harvest Programme under the ASEAN-China Free Trade Area, effective January 1, 2006.

Law Summary

Presidential Authority to Modify Tariff Rates

Section 402 of the Tariff and Customs Code of 1978 empowers the President, upon NEDA recommendation, to increase, reduce, or remove import duties and modify the form of duty.

Scope and Coverage of Modified Tariff Rates

Articles listed in Annex "aAa" and Annex "aBa" are subject to ACFTA tariff rates as indicated in the relevant annexes.
These rates are accorded to imports from Parties to the Framework Agreement that apply tariff concessions under Article 6.

Conditions for Application of Tariff Rates

The modified tariff rates apply from the effectivity of the Executive Order.
Articles listed must be entered into or withdrawn from warehouses for consumption in the Philippines.
Compliance with the Rules of Origin under Article 5 of the Agreement on Trade in Goods (signed November 29, 2004) is mandatory.

Repeal and Modification of Conflicting Issuances

Any presidential issuances or administrative rules inconsistent with this Executive Order are repealed or modified accordingly.

Effectivity and Publication

The Executive Order takes effect immediately after its full publication in two newspapers of general circulation in the Philippines.

END