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SECTION 1
Modification of AANZFTA Rates
SECTION 1.
Modification of AANZFTA Rates.
The articles specifically listed in Annex A hereof, as classified under Section 104 of the TCCP, as amended, shall be subject to the AANZFTA rates of import duty indicated in Columns 4 and 5 of Annex A.
SECTION 2
Rates for Articles in Annex A are Subject to Rules of Origin
SECTION 2.
Rates for Articles in Annex A are Subject to Rules of Origin.
From the date of effectivity of this Executive Order, all articles listed in Annex A which are entered or withdrawn from warehouses in the Philippines for consumption shall be imposed the rates of duty therein prescribed, provided that articles in Annex A shall comply with the Rules of Origin as provided for in Chapter 3 of the AANZFTA Agreement.
SECTION 3
Rates for Articles in Annex A upon the Expiration of the Waiver
SECTION 3.
Rates for Articles in Annex A upon the Expiration of the Waiver.
The concession entered by the Philippine government shall continue to apply upon the expiration of the Waiver.
SECTION 4
Articles represented with XXX
SECTION 4.
Articles represented with XXX.
The Nomenclature and the rates of import duty on tariff headings not enumerated and those listed but represented by the symbol XXX shall remain in force and in effect.
SECTION 5
Right of Recourse
SECTION 5.
Right of Recourse.
Nothing in this Executive Order shall preclude the Philippines from invoking its right of recourse to all trade remedy measures provided for in its laws, the AANZFTA Trade in Goods Agreement and other relevant international agreements, as an effective device against import surges.
SECTION 6
Repeal
SECTION 6.
Repeal.
All other Presidential issuances, administrative rules and regulations, or parts thereof, which are inconsistent with this Executive Order are hereby revoked or modified accordingly.
SECTION 7
Separability
SECTION 7.
Separability.
If any provision of this Executive Order is declared invalid or unconstitutional, the other provisions not affected thereby shall remain valid and subsisting.
SECTION 8
Effectivity
SECTION 8.
Effectivity.
This Executive Order shall take effect immediately following its complete publication in the Official Gazette or in a newspaper of general circulation in the Philippines.
DONE, in the City of Manila, this 5th day of November in the year of Our Lord, Two Thousand and Fifteen.
(Sgd.)
BENIGNO S. AQUINO, III
By the President:
(SGD.)
PAQUITO N. OCHOA, JR.
Executive Secretary