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Executive Order No. 768 (2008)
at the 4th ASEAN Informal Summit held in Singapore in November 2000, the ASEAN Heads of Government/State agreed on the Initiative for ASEAN Integration (IAI) in order to narrow the development gap between the older and newer members of ASEAN and to enhance the new members' integration with the rest of the ASEAN;
SECTION 1. The articles specifically listed in "Annex A" (Articles Granted Concession Under the AISP Package of the Philippines), hereof, as classified under Section 104 of the Tariff and Customs Code of 1978, as amended, shall be subject to the AISP rate of duty indicated in Column 5 of "Annex A" when imported from Cambodia and Myanmar (preference-receiving countries) indicated in Column 6 of "Annex A".
SECTION 2. From the date of effectivity of this Order, all articles listed in "Annex A" entered into or withdrawn from warehouses in the Philippines for consumption shall be imposed the rates of duty therein prescribed subject to qualification under the Rules of Origin of forty percent (40%) single country content (Cambodia or Myanmar) as provided for in the Agreement on the Common Effective Preferential Tariff Scheme for the ASEAN Free Trade Area signed on 28 January 1992.
SECTION 3. All presidential issuances, administrative rules and regulations, or parts thereof, which are contrary or inconsistent with this Executive Order are hereby repealed or modified accordingly.
SECTION 4. 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 7th day of November, in the year of our Lord, Two Thousand and Eight.
(Sgd.) GLORIA MACAPAGAL-ARROYO
By the President:
(Sgd.) EDUARDO R. ERMITA
Executive Secretary
ANNEX A