Government Mandates Concessionary Tariffs for Agriculture Products, IT, Capital Equipment

President Rodrigo Duterte issued three executive orders (EO) mandating concessionary tariff rates for certain products. EO 21 modifies the rates of import duty on certain information-technology products in order to implement tariff commitments under the WTO. However, it does not specify the covered IT products. EO 22 imposes zero-percent duty for importations of principal assets made by new and expanding firms under the…

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