Executive Order No. 242 (2003) — pursuant to the said Certificate of Eligibility, Executive Order No. 93 dated 9 April 2002 was issued implementing the preferential tariff rates on certain products under the AICO Arrangement of Honda Cars Philippines, Inc., Oriental Assemblers Sdn. Bhd., and Honda Autoparts Manufacturing [M] Sdn. Bhd. On certain original equipment manufacture (OEM) automotive parts/components for Honda CR-V light commercial vehicles (8402.90 10) and Civil and Accord passenger cars (8703.90 10);

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Executive Order No. 242 (2003)

pursuant to the said Certificate of Eligibility, Executive Order No. 93 dated 9 April 2002 was issued implementing the preferential tariff rates on certain products under the AICO Arrangement of Honda Cars Philippines, Inc., Oriental Assemblers Sdn. Bhd., and Honda Autoparts Manufacturing [M] Sdn. Bhd. On certain original equipment manufacture (OEM) automotive parts/components for Honda CR-V light commercial vehicles (8402.90 10) and Civil and Accord passenger cars (8703.90 10);

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Section 1 Section 2 · Section 2 of Executive Order No Section 3 · Annex "A" of Executive Order No Section 4 · This Executive Order shall take effect immediately

Section 1

Section 1. The fourth

WHEREAS Clause of Executive Order No. 93 dated 09 April 2002 is hereby amended to read as follows:

" WHEREAS, under the Honda AICO Arrangement the Philippines (Honda Cars Philippines, Inc.) will import from Malaysia (Honda Malaysia Sdn. Bhd. And Honda Autoparts Manufacturing [M] Sdn. Bhd.) certain original equipment manufacture (OEM) automotive parts/components for Honda CR-V light commercial vehicles (HS 8702.90 10). In exchange Malaysia will import from the Philippines complementary parts/components for the OEM of Honda CR-V

Section 2

Section 2 of Executive Order No

Section 2. Section 2 of Executive Order No. 93 dated 09 April 2002 is hereby amended to read as follows: "The AICO rate provided in Annex "A" shall be accorded to the AICO entity in Indonesia (PT Honda Prospect Motor), and to the AICO entities in Malaysia (Honda Malaysia Sdn. Bhd. And Honda Autoparts Manufacturing [M] Sdn. Bhd.) upon the effectivity of this Executive Order"

Section 3

Annex "A" of Executive Order No

Section 3. Annex "A" of Executive Order No. 93 dated 09 April 2002 is hereby amended to read as follows:

HS CODE

MODE/TYPE

PRODUCT DESCRIPTION

PART NOS.

SOURCE COUNTRY (AICO COMPANY)

APPLICABLE AICO PREFERENTIAL TARIFF (%)

(1)

(2)

(3)

(4)

(5)

(6)

8702.90 10

CR-V Light commercial vehicles

Face, FR Bumper

71101-S9A-0000

Malaysia (Honda Malaysia Sdn. Bhd. And Honda Autoparts Manufacturing [M] Sdn. Bhd.)

8702.90 10

CR-V Light commercial vehicles

Face, RR Bumper

71101-S9A-0000

Malaysia (Honda Malaysia Sdn. Bhd. And Honda Autoparts Manufacturing [M] Sdn. Bhd.)

8703.90 10

CIVIC Passenger Cars

Relay (Assy), Turn Signal

38300-S5A-0030-TH

Indonesia (PT. Honda Prospect Motor)

8703.90 10

ACCORD Passenger cars

Head Assy, Cyln.

1210C-PAL-P000

Indonesia (PT. Honda Prospect Motor)

Section 4

This Executive Order shall take effect immediately

Section 4. This Executive Order shall take effect immediately. ᇈWᑭHIL

DONE in the City of Manila, Philippines, this 3nd day of October, in the year of our Lord, two thousand and three.

(SGD.) GLORIA MACAPAGAL-ARROYO President of the Philippines

By the President:

(SGD.) ALBERTO G. ROMULO Executive Secretary