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Executive Order No. 895 (2010)

Executive Order No. 895 (2010)

—— any Party may unilaterally accelerate the tariff reduction and/or elimination for its tariff lines placed in the Sensitive Track at any time if it so wishes. Nothing in this Agreement shall prevent any Party from unilaterally transferring any tariff line from the Sensitive Track into the Normal Track at any time if it so wishes.—

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Section 1

Section 1. —The article specifically listed in the Annex (Article Transferred from Sensitive Track to the Normal Track Category under the AKFTA) —hereof, —shall be subject to the rates of import duty as indicated in Columns 4 to 6 of said Annex.

Section 2

Section 2. — The applicable rate shall be the AKFTA preferential tariff, subject to the submission of the proper Certificate of Origin (CO) Form AK. ℒαwρhi৷ — Pursuant to Section 1313(a) of the Tariff and Customs Code of the Philippines, as amended, the Tariff Commission may, upon request, issue tariff classification rulings to confirm the applicable rates of duty of particular products covered by this Executive Order.

Section 3

Section 3. —From the date of effectivity of this Executive Order, —the article listed in— the Annex entered into or withdrawn from warehouses in the Philippines for consumption shall be imposed the rate of duty therein prescribed subject to compliance with the Rules of Origin as provided for in Article 5 of the Agreement on TIG under the Framework Agreement.

Section 4

Section 4. —Nothing in this Executive Order shall preclude the Philippines from invoking its right of recourse to all trade remedy measures provided for in its law, the AKFTA Agreement and relevant international agreements as an effective device against import surges.

Section 5

Section 5. —The provisions of this Executive Order are hereby declared separable and in the event any of such provisions is declared invalid or unconstitutional, the other provisions, which are not affected thereby, remain in force and effect.

Section 6

Section 6. ————All presidential issuances, administrative rules and regulations, or parts thereof, which are contrary to or inconsistent with this Executive Order are hereby revoked or modified accordingly.

Section 7

Section 7. —This Executive Order shall take effect fifteen (15) days following its complete publication in the Official Gazette or in a national newspaper of general circulation.

Done—in the City of Manila, this 18th day of June, in the year of Our Lord, Two Thousand and Ten.

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

By the President:

(SGD.) LEANDRO R. MENDOZA Executive Secretary