WHEREAS, Executive Order No. 43, S. of 1992, modified the rates of duty on certain imported articles as provided for under the Tariff and Customs Code of 1978, as amended, in order to implement the 1991 and 1992 Philippine programmes providing a minimum level of 25% Margins of Preference (MOPs) Exclusion List, and deepening the MOPs in respect of certain items which are under the ASEAN Preferential Trading Arrangements;

WHEREAS, after the issuance of said EO No. 43, it became a necessary to modify the MOPs and therefore the applicable ASEAN preferential tariffs on certain items;

NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Philippines, pursuant to the powers vested in me under Section 402 of the Tariff and Customs Code of 1978, as amended, do hereby order:

SECTION 1. Annex, "B" of Executive Order No. 43, S. of 1992, is hereby amended to modify the MOPs and the applicable ASEAN preferential tariffs on the items listed is Annex "A" of this Executive Order. In effect, the items listed in Annex "A" hereof shall be subject to the ASEAN Preferential Tariff in accordance with the schedule indicated in Columns 12 to 18 of said Annex "A".

SEC. 2. All laws, orders, issuances, rules and regulations, or parts thereof which are inconsistent with this Executive Order, are hereby repealed or modified accordingly.

SEC. 3. This Executive Order shall take effect on 1 January 1994.

Done in the City of Manila, this 27th day of DECEMBER, in the year of Our Lord, Nineteen Hundred and Ninety-Three.


By the President:
(Sgd.) TEOFISTO T. GUINGONA, JR.
Executive Secretary