EXECUTIVE ORDER NO. 679, October 31, 2007

MODIFYING THE RATES OF DUTY ON CERTAIN IMPORTED ARTICLES AS PROVIDED UNDER THE TARIFF AND CUSTOMS CODE OF 1978, AS AMENDED, IN ORDER TO IMPLEMENT THE PREFERENTIAL TARIFF RATES ON CERTAIN PRODUCTS UNDER THE ASEAN INDUSTRIAL COOPERATION (AICO) SCHEME, IN FAVOR OF HONDA CARS PHILIPPINES, INC. (COE NO. HONDA/2007/48)

WHEREAS, the Philippines is a Contracting Party to the Basic Agreement on the ASEAN Industrial Cooperation Scheme (AICO) signed in Singapore on 27 April 1996;

WHEREAS, the Philippines is a signatory to the Protocol amending the Basic Agreement on the AICO Scheme signed in Singapore on 21 April 2004;

WHEREAS, the Philippines is a participating country in the approved AICO Arrangements of Honda Cars Philippines, Inc. along with Thailand;

WHEREAS, under the Honda AICO Certificate of Eligibility No. Honda/2007/48, the Philippines (Honda Cars Philippines, Inc.) will import from Thailand (Honda Automobile (Thailand) Co., Ltd) certain original equipment manufacture (OEM) automotive parts/components for Honda Civic. In exchange, Thailand (Honda Automobile (Thailand) Co., Ltd.) will import from the Philippines complementary parts/components for the OEM of Honda Civic and CR-V;

WHEREAS, AICO Certificate of Eligibility No. Honda/2007/48 was issued on 20 March 2007, in favor of the participating companies in the Honda AICO Arrangement;

WHEREAS, in consonance with Articles 5 and 7 of the Basic Agreement of the AICO Scheme, as amended participating companied in the approved Honda AICO Arrangements shall qualify for 0% preferential tariff rate to be extended by Thailand and the Philippines as participating countries.

NOW, THEREFORE, I, GLORIA MACAPAGAL ARROYO, 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. 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 accorded the AICO rate of 0% on parts/components of Honda Civic as specified in Column 7 thereof.

Section 2. The AICO rate provided in Annex "A" shall be accorded to the AICO entity in Thailand (Honda Automobile (Thailand) Co. Ltd.) upon the effectivity of this Executive Order;

Section 3. Upon the effectivity of this Executive Order, the articles specifically listed in the aforesaid Annex "A" which are entered or withdrawn from warehouses in the Philippines for consumption shall be subject to the applicable AICO preferential tariff rates specified under Section 1 hereof, subject to qualification under the Rules of Origin for the CEPT, as evidence by the Certificate of Origin - Form "D";

Section 4. 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; and

Section 5. This Executive Order shall take effect immediately upon publication in a national newspaper of general circulation.

DONE in the City of Manila, this 31st day of October in the year of Our Lord, Two Thousand and Seven.

(Sgd.) GLORIA M. ARROYO

By the President:

(Sgd.) EDUARDO R. ERMITA

Executive Secretary

ANNEX "A"

ARTICLES GRATED PREFERENTIAL TARIFF UNDER THE APPROVED ASEAN INDUSTRIAL COOPERATION (AICO) SCHEME OF HONDA CARS PHILIPPINES, INC. (HCPI)

AHTN	HS	Model/Type	Product Description	Classification	Source Country/	Applicable
HDG. NO.	CODE	(AICO Company)	AICO
	Preferential
	Rate (%)
(1)	(2)	(3)	(4)	(5)	(6)	(7)
8703.90.27A	8703.90 10	Honda Civic	Various Components/Parts:	Intermediate	Thailand/ (Honda Automobile ( Thailand) Co., Ltd.)	0
	Passenger Cars
	TANK SUB ASSY FUEL
	HUB & DISK ASSY
	MTG RUB ASSY TRNS (MT)
	TORQUEROD UPR (MT)
	DAMPER ASSY R FR
	DAMPER ASSY R FR
	DAMPER ASSY L FR
	DAMPER ASSY L FR
	LATCH ASSY R RR DOOR POWER
	LATCH ASSY L RR DOOR POWER
	LOCK ASSY HOOD
	LOCK ASSY TRUNK (MANUAL)
	MUD GUARD R FR
	MUD GUARD L FR
	MUD GUARD R RR
	MUD GUARD L RR
	METER ASSY COMB (TA)
	METER ASSY COMB (TA)
	METER ASSY COMB (TA)
	PAO ASSY STRG
	GARN ASSY L FR PLR
8703.90.28A	8703.90 10	Honda Civic	Various Components/Parts:	Intermediate	Thailand/	0
	Passenger Cars	(Honda Automobile ( Thailand) Co., Ltd.)
	TANK SUB ASSY FUEL
	HUB & DISK ASSY
	DAMPER ASSY R FR
	DAMPER ASSY R FR
	DAMPER ASSY L FR
	DAMPER ASSY L FR
	GARN ASSY L FR PLR
8703.90.27A	8703.90 10	Honda Civic	Intermediate	Thailand/	0
8703.90.28A	Passenger Cars	(Honda Automobile ( Thailand) Co., Ltd)
	LID LIGHT ASSY L
	SW ASSY STOP
	SW ASSY DOOR
	BRG ASSY RR HUB UNIT
	CAP DAMPER MT
	MODULATOR ASSY (ABS)
	GUTTER COMP R REAR
	STIFF COMP R RR DPR
	W/ HOUSE COMP L REAR
	PLATE FRAME NUMBER
	PROTECTOR R DOOR LATCH
	HANDLE ASSY R FR INSIDE
	PROTECTOR L DOOR LATCH
	HANDLE ASSY L FR INSIDE
	PROTECTOR L FR OUT HANDLE
	SASH R FR DOOR CTR LWR
	RUNCHANNEL L FR DOOR
	CHECKER COMP L FR DOOR
	LATCH ASSY R RR DOOR POWER
	LATCH ASSY L RR DOOR POWER
	RUNCHANNEL R RR DOR POWER
	REG ASSY L RR DOOR POWER
	RUNCHANNEL R RR DOOR
	WTHSTP, RR FOOR INNER
	CHECKER COMP R RR DOOR
	CHECKER COMP L RR DOOR
	GLASS COMP FR WSHLD
	GLASS COMP FR WSHLD
8703.90.27A	8703.90 10	Honda Civic	GLASS SUB ASSY, R FR DOOR	Intermediate	Thailand/	0
8703.90.28A	Passenger Cars	GLASS R FR CORN	(Honda Automobile ( Thailand) Co., Ltd)
	GLASS SUB ASSY, L FR DOOR
	GLASS L FR CORN
	GARN L FR CORN
	GLASS ASSY R RR DOOR
	GLASS R RR DOOR QTR
	SEAL R RR DOOR QTR
	GLASS ASSY L RR DOOR
	GLASS L RR DOOR QTR
	SEAL L RR DOOR QTR
	FENDER R FR INN
	SPLASH SHIELD FR
	LOCK ASSY HOOD
	FENDER L FR INN
	LOCK ASSY TRUNK (MANUAL+SW)
	PROTR T FR DOOR (SUS TYPE)
	SUS MLDG L FR DOOR PROTR
	PROTR L FR DOOR (SUS TYPE)
	SUS MLDG L RR DOOR PROTR
	PROTR L RR DOOR (SUS TYPE)
	MUD GUARD R FR (COLOR)
	MUD GUARD L FR (COLOR) MUS GUARD R RR (COLOR)
	MUD GUARD L FR (COLOR)
	LID ASSY R
	LID ASSY L
	SHIFT LOCK LID
	SENSOR ASSY FRONT CRASH
	KNOB ASSY DAL
	FOOT COVER RR OUT FR SEAT
	FOOT COVER RR OUT FR SEAT
	COVER LAP R RECLINING OUT
8703.90.27A	8703.90 10	Honda Civic	PROTECTER R FR BELT
8703.90.28A	Passenger Cars	COVER LAP L RECLINING OUT
	PROTECTER L FR BELT
	GRAB RAIL ASSY
	GRAB RAIL ASSY (COAT HANGER)
	GARN ASSY CTR PLR UPR