EXECUTIVE ORDER NO. 767
WHEREAS, a dynamic and
rapidly changing global environment brought about by globalization and
technological progress presents many new economic and strategic
challenges and opportunities to the Philippines and
Japan;
WHEREAS, the Agreement
between the Republic of the Philippines and Japan for an Economic
Partnership was signed by the Heads of Government of the aforesaid
countries on 9 September
2006;
WHEREAS, this economic
partnership would create larger and new markets, improve efficiency and
enhance consumer welfare that would boost the vibrancy of economies,
and thereby expand trade and investment not only between the
Philippines and Japan but also in the
region;
WHEREAS, the objective of
the Agreement, among others, is to liberalize and facilitate trade in
goods through the reduction or elimination of duties to be implemented
in accordance with the terms and conditions set out in the respective
schedules of the Philippines and
Japan;
WHEREAS, the Senate of the
Philippines, pursuant to Senate Resolution No. 131, concurred in the
ratification of the Agreement on 08 October
2008;
WHEREAS, Section 402 of the
Tariff and Customs Code of 1978, as amended, empowers the President of
the Republic of the Philippines, upon the recommendation of the
National Economic and Development Authority, to modify the rate of duty
for the promotion of foreign trade.
NOW,
THEREFORE, I, GLORIA MACAPAGAL - ARROYO, President of the
Republic of the Philippines, by virtue of the powers vested in me by
law, do hereby order:
SECTION 1.
The articles specifically listed in the Annex (Articles granted tariff
concessions under the Agreement) hereof, as classified under Section
104 of the Tariff and Customs Code of 1978, as amended, shall be
subject to rates of duty as indicated in Columns 4 to 14 of the Annex.
The rates of duty so indicated shall be accorded to imports originating
from Japan as a Party to the
Agreement.
SECTION 2. The rates
of duty represented with a symbol “R” shall be subject to negotiations
in the fourth year from entry into force of the
Agreement.
SECTION 3. As
indicated in the Notes for Schedule of the Philippines under the
Agreement, the rates of duty represented with a symbol “S” shall be
subject to negotiations in year
2009.
SECTION 4. Upon the
effectivity of this Executive Order, the articles specifically listed
in the aforesaid Annex which are entered or withdrawn from the
warehouses in the Philippines for consumption shall be levied the rates
of duty prescribed subject to compliance with the Rules of Origin as
provided for in the Agreement.
SECTION
5. All presidential issuances, administrative rules and
regulations, or parts thereof, which are inconsistent with this
Executive Order are hereby repealed or modified
accordingly.
SECTION 6. This
Executive Order shall take effect fifteen (15) days after its complete
publication in a newspaper of general circulation in the
Philippines.
Done in the City of Manila, this
7
th day of November, in the year of Our Lord,
Two Thousand and Eight.
(Sgd.) H.E. GLORIA MACAPAGAL -
ARROYO
By the
President
(Sgd.) EDUARDO R.
ERMITAExecutive
Secretary