MANILA, Philippines — President Ferdinand Marcos Jr. issued an executive order implementing the schedule of tariff commitment under the Free Trade Agreement with South Korea (PH-KR FTA), Malacañang said Saturday.
In issuing Executive Order (EO) 80 signed by Executive Secretary Lucas Bersamin on December 23, the President said there was a need to modify the rates of import duty on certain articles for the country to comply with the Philippine Schedule of Tariff Commitments under the PH-KR FTA.