THheRegional Comprehensive Economic Partnership (RCEP) will take effect on June 2, 2023, Trade Secretary Alfredo E. Pascual said. Know more:
THE Regional Comprehensive Economic Partnership will take effect on June 2, 2023, Trade Secretary Alfredo E. Pascual said.
Once issued, the EO shall be the basis of the Bureau of Customs for the issuance of Customs administrative order which shall be distributed to all ports to allow for the implementation of the preferential tariffs on e-ports from RCEP member countries, the Trade chief said. Pascual said the Joint Cabinet Committee had earlier endorsed this draft EO subject to Senate concurrence and the EO presented for endorsement to the NEDA Board will implement Annexes A to F—which he said is the “meat” of the EO, Annexes A to F of the Philippine schedule of tariff commitments under RCEP agreement.
Meanwhile, he noted that agricultural tariffs on 105 lines which are in the sensitive and highly sensitive list shall generally be lower than MFN rates in the 20th year of RCEP but still higher or on a par with the ASEAN +1 rates. These tariff lines, Pascual said, will involve agricultural products which are “not really being produced very much in the Philippines.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marcos gives green light to remove tariff rates under RCEPPRESIDENT Ferdinand Marcos Jr. has approved an executive order (EO) operationalizing the Philippines' tariff commitments under the Regional Comprehensive Economic Partnership (RCEP), Malacañang announced Thursday.
Read more »
Marcos OKs proposed EO operationalizing PH's tariff commitments under RCEPPresident Ferdinand "Bongbong" Marcos Jr. has approved a proposed Executive Order operationalizing the country&39;s tariff commitments under the Regional Comprehensive Economic Partnership Agreement (RCEP), National Economic Development Authority (NEDA) Secretary Arsenio Balisacan said Thursday.
Read more »
Marcos okays EO on RCEP tariff commitmentsPresident Ferdinand 'Bongbong' Marcos Jr. has approved the issuance of an Executive Order (EO) that would operationalize the country's tariff commitments under the Regional Comprehensive Economic Partnership Agreement (RCEP), National Economic Development Authority (NEDA) Secretary Arsenio Balisacan reported.
Read more »
Marcos OKs EO on Philippines’ tariff commitments under RCEPPresident Marcos Jr. has approved a proposed Executive Order operationalizing the Philippines’ tariff commitments under the Regional Comprehensive Economic Partnership Agreement. | DYGalvezINQ
Read more »
Marcos inks new tariffs under RCEP dealTariffs on many imported goods will go down by June 2 under the terms of the Regional Comprehensive Economic Partnership
Read more »
Electoral committee sets PSI elections on June 15 | BusinessMirrorELECTIONS for the new board of trustees of the Philippine Swimming Inc. (PSI) are scheduled on June 15 under stringent guidelines and precise timelines. World Aquatics approved of the election proceedings formulated by an Electoral Committee which the international federation (IF) itself created to establish guidelines for the exercise. The…
Read more »