(NAR) VOL. 11 NO.2 / APRIL – JUNE 2000
WHEREAS, the Philippines is a Contracting
Party to the Basic Agreement on the ASEAN Industrial Cooperation Scheme
signed in Singapore on 27 April 1996;
WHEREAS, the
Philippines is a participating country in the approved AICO Arrangements
of Toyota, along with Malaysia, Thailand and Indonesia;
WHEREAS,
under the Toyota AICO Arrangement, the Philippines (Toyota Motor
Philippines Corporation and Toyota Autoparts Philippines) will import
from Indonesia, Malaysia and Thailand certain original equipment
manufacturer (OEM) automotive parts/components for Corolla and Camry
passenger cars (HS 8703.90 10) and Toyota Utility Vehicle (TUV) for the
transport of persons (HS 8702.90 10). In exchange, Indonesia, Malaysia
and Thailand will import from the Philippines complementary component
parts for the OEM of Kijang, Corolla, Camry, Unser, Hilux and Soluna.
WHEREAS,
AICO Certificate of Eligibility Nos. Toyota/ 1999/9 was issued on 27
September 1999, Toyota/1999/6(A) and Toyota/1999/7(A) were re-issued on
14 October 1999 in favor of the participating companies in the Toyota
AICO Arrangement.
WHEREAS, in consonance with Articles 5
and 7 of the Basic Agreement of the (AICO) Scheme, participating
companies in the approved Toyota AICO Arrangements shall qualify for 0 -
5% preferential tariff rates to be extended by Malaysia and the
Philippines as participating countries, effective within 45 days from
the date of issuance of the Certificate of Eligibility No. Toyota/1999/9
and by Thailand, Indonesia and the Philippines as participating
countries, effective on 15 October 1999 for the re-issued Certificate of
Eligibility Nos. Toyota/1999/6(A) and Toyota/1999/7(A), respectively,
by the ASEAN Secretariat.
NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA,
President of the Philippines, pursuant to the powers vested in me under
Section 402 of the Tariff and Customs Code of 1978, as amended, do
hereby order:
SECTION 1. The articles specifically listed in Annex "A"
hereof, as classified under Section 104 of the Tariff and Customs Code
of 1978, as amended, shall be accorded the AICO rate of 5% as component
parts of Corolla and Camry passenger cars (HS 8703.90 10) and the AICO
rate of 3% as component parts of TUV for the transport of persons (HS
8702.90 10) as specified in Column 6 thereof.
SECTION 2. The AICO rate provided in Annex "A"
shall be accorded to the AICO entity in Malaysia (Assembly Services
Sdn. Bhd. And T&K Autoparts Sdn. Bhd.) effective 27 September 1999
and to the AICO entities in Indonesia (PT. Toyota Astra Motors) and
Thailand (Toyota Motor Thailand, Co. Ltd. and Siam Toyota Manufacturing
Co., Ltd.) effective 14 October 1999.
SECTION 3. In the event that any subsequent changes are made in the basic (MFN) Philippine rate of duty on any of the articles listed in Annex "A"
to a rate lower than the AICO rate prescribed in Column 6 of Annex "A",
such article shall automatically be accorded the corresponding reduced
rate of duty. Effective 1 January 2003, the final CEPT rate on the rate
on the subject articles shall apply.
SECTION 4. Upon the effectivity of this Executive Order, the articles specifically listed in the aforesaid Annex "A"
which are entered or withdrawn from warehouses in the Philippines for
consumption shall pay the applicable AICO preferential tariff rates
specified under Section 1 hereof, subject to qualification under the
Rules of Origin for the CEPT, as evidenced by the Certificate of Origin -
Form "D".
SECTION 5. Any revision/s to the part numbers appearing in Column 4 of Annex "A"
shall be communicated immediately to the Bureau of Customs by the Board
of Investments within the five (5) days after receipt of the official
copy of the revised part numbers from the ASEAN Secretariat.
SECTION 6. This Executive Order shall take effect immediately.
Done in the City of Manila, this 15th day of Feb. in the year of Our Lord, Two Thousand.
(SGD.) JOSEPH EJERCITO ESTRADA
President of the Philippines
By the President:
(SGD.) RONALDO B. ZAMORA
Executive Secretary