THE Bureau of Customs (BoC) said it issued a memorandum order implementing the preferential tariffs the Philippines will enjoy as a result of its free trade agreement (FTA) with South Korea.
In a statement on Monday, Commissioner Bienvenido Y. Rubio said issuing clear guidelines aims to foster a “smooth transition and effective implementation” of the FTA between two countries.
The Customs Memorandum Order (CMO), signed by Mr. Rubio, took effect on Dec. 31 and outlines “pertinent provisions such as pre-exportation examination or product evaluation, procedures for the issuance of Certificates of Origin.”
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