Amends tariff rates for ASEAN imports 1997-2003

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EXECUTIVE ORDER NO. 453: Amends tariff rates for ASEAN imports 1997-2003

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Title Supreme Court: Amends tariff rates for ASEAN imports 1997-2003

Law: Executive Order No. 453

Decision Date: Oct 31, 1997

Fidel V. Ramos modifies import duty rates to implement the 1997-2003 ASEAN Common Effective Preferential Tariff Scheme, transitioning products from the temporary exclusion list to the inclusion list, thereby enhancing trade within the ASEAN Free Trade Area.

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Scope and Coverage of Affected Articles

Articles classified under Section 104 of the Tariff and Customs Code as listed in Annex aAa and Annex aBa.
Annex aAa contains articles granted tariff concessions under the CEPT-AFTA.
Annex aBa lists articles subject to a phased-in tariff reduction schedule under CEPT-AFTA from 1997 onwards.

Implementation of Tariff Rates for ASEAN Member States

Tariff rates for products in Annex aAa shall follow the 1997-2003 ASEAN Common Effective Preferential Tariff schedule.
Concessions apply only to imports originating from ASEAN member states applying CEPT concessions to the same products.
Products in Annex aBa will be subject to the 1997 ASEAN rate; subsequent years’ rates require separate executive orders.

Automatic Adjustment Mechanism for Changes in MFN Rates

If the Most Favored Nation (MFN) rates change for articles listed in Annexes aAa and aBa to rates prescribed in their respective tariff schedules, the preferential ASEAN tariffs automatically adjust accordingly without need for separate orders.

Discontinuance of Margins of Preference (MOPs)

MOPs previously granted under ASEAN Preferential Trading Arrangements will no longer apply to any products listed in Annexes aAa and aBa.

Effective Date and Compliance Requirements

Rates take effect immediately upon the Executive Order’s effectivity date for all articles entered or withdrawn for consumption in the Philippines.
Importers must comply with Rules of Origin under the CEPT-AFTA Agreement signed on 28 January 1992 to qualify for preferential tariffs.

Repeal and Modification of Conflicting Issuances

All presidential issuances and administrative rules contrary or inconsistent with this Executive Order are repealed or modified accordingly.

Immediate Effectivity

The Executive Order takes effect immediately upon signing.
Signed by President Fidel V. Ramos on October 31, 1997, in Manila.

END