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Executive Order No. 574 (2006)
it is the policy of the government to encourage the development of sustainable, prosperous and world-class domestic industries that will spur economic growth and create jobs;
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 subject to the Most-Favoured Nation (MFN) rate of import duty in accordance with the schedule indicated opposite each article.
SECTION 2. Upon the effectivity of this Executive Order, the articles specifically listed in the aforesaid Annex —A— which are entered and withdrawn from warehouses in the Philippines for consumption shall be levied the MFN rates of import duty therein prescribed.
SECTION 3. All Presidential issuances, administrative rules and regulations, or parts hereof, which are inconsistent with this Executive Order are hereby revoked or modified accordingly.
SECTION 4. This Executive Order shall take effect thirty (30) days following its complete publication in two (2) national newspapers of general circulation in thePhilippines.
Done in the City of Manila, this 4th day of November in the year of Our Lord, Two Thousand and Six.
(Sgd.) GLORIA MACAPAGAL-ARROYO President of the Philippines
By the President:
(SGD.) EDUARDO R. ERMITA Executive Secretary
Source: Malaca—ang Records Office Office of the President of the Philippines. (2006). [Executive Order Nos. : 501-600]. Manila : Malca—ang Records Office.