Executive Order No. 51 (2001) — in consonance with Articles 5 and 7 of the Basic Agreement of the AICO Scheme, participating companies in the approved RAGC AICO Arrangements shall qualify for 0 — 5% preferential tariff rates to be extended by Thailand and the Philippines as participating countries, effective within 45 days from the date of issuance of the Certificate of Eligibility No. Asahi Glass/2000/1 by the ASEAN Secretariat.

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Executive Order No. 51 (2001)

in consonance with Articles 5 and 7 of the Basic Agreement of the AICO Scheme, participating companies in the approved RAGC AICO Arrangements shall qualify for 0 — 5% preferential tariff rates to be extended by Thailand and the Philippines as participating countries, effective within 45 days from the date of issuance of the Certificate of Eligibility No. Asahi Glass/2000/1 by the ASEAN Secretariat.

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Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 · This Executive Order shall take effect immediately

Section 1

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% on OEM rear windshield safety glass (backlites) for motor vehicles (HS 7007.11 00) as specified in Column 4 thereof.

Section 2

Section 2. The AICO rate provided in Annex —A— shall be accorded to the AICO entity in Thailand (Thai Safety Glass Co. Ltd.) effective 26 September 2000.

Section 3

Section 3. In the event that any subsequent changes are made in the basic (Most Favored Nation) Philippine rate of duty on any of the articles listed in Annex —A— to a rate lower than the AICO rate prescribed in Column 4 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 article shall apply.

Section 4

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effectivity of this Executive Order, the articles specifically listed in the aforesaid Annex —A— which are entered or withdrawn from warehouses in the Philippines for consumption shall pay the applicable AICO preferential tariff rate specified under Section 1 hereof, subject to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

Section 5. The Secretary of Finance in consultation with the National Economic & Development Authority (NEDA) shall issue the appropriate guidelines to implement and rationalize the preferential tariff privilege herein granted. ℒαwρhi৷

Section 6

This Executive Order shall take effect immediately

Section 6. This Executive Order shall take effect immediately.

DONE in the City of Manila, this 3rd day of November, in the year of Our Lord, two thousand and one.

(SGD.) GLORIA MACAPAGAL-ARROYO

By the President:

(SGD.) ALBERTO G. ROMULO Executive Secretary