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Philippines modifies tariff rates on environmental goods

MANILA, July 3 (Xinhua) -- Philippine President Benigno S. Aquino III has issued an executive order, modifying tariff rates on certain imported products, particularly environmental goods, as part of the country's commitment to the Asia-Pacfic Economic Cooperation (APEC).

Executive Order No. 185, signed on June 26 and released Friday, said articles listed in Annex A of the EO as classified under Section 104 of the Tariff and Customs Code of the Philippines, as amended, shall be subject to the most-favored nations (MFN) rate duty.

Once the EO takes effect, all articles listed in the Annex and are entered or withdrawn from warehouses in the Philippines for consumption shall be levied the MFN rates of duty as prescribed.

The products listed in Annex A include super heaters, soot removers, gas converters, and industrial or laboratory furnaces and ovens, including incinerators.

Centrifuges, including centrifugal dryers, filtering or purifying machinery and apparatus for liquid or gases are also included.

Leaders of APEC member economies previously agreed to address issues on climate change, and review the progress of the World Trade Organization (WTO) Doha Development Agenda negotiations on the liberalization of trade environmental goods and services.

They also made a commitment to take concrete steps to achieve past ambitions to realize green growth, consistent with their WTO obligations.

Under the 2012 Vladivostok Declaration, the leaders endorsed the APEC List of Environmental Goods enumerating 54 environmental goods that directly contribute to green growth and sustainable development objectives.

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