Tariff Reform Program

17357 Words Jul 22nd, 2013 70 Pages
Tariff Reform Program
The Tariff Reform Program (TRP) is the review or restructuring of the Philippine tariff system that the government undertakes on a continuing basis to make the tariff structure responsive to the needs of the economy, taking into consideration the changing patterns in trade and advancements in technology. So far, four (4) Tariff Reform Programs have been undertaken since the 1980’s.
Appeals are available to parties interested in requesting modifications of tariffs. Petitions for tariff modification may be filed by interested parties under Section 401 of the Tariff and Customs Code, as amended. The Tariff Commission conducts investigations on the petitions it receives during which public hearings are held to afford
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Realizing the need for a change in policy to remedy the situation, government official policy shifted from emphasis on import-substitution to promotion of exports.
The government embarked on a medium-term structural adjustment program starting 1981 with the objective of altering the basic structure of industry to make it more efficient and competitive internationally. The two main instruments of structural adjustment pursued by government were the Tariff Reform Program and the Import Liberalization Program.
Period and Coverage
The Tariff Reform Program proceeded as scheduled from 1981 to 1985 while the Import Liberalization Program was briefly derailed by the balance of payments crisis in 1983.
The tariff review accompanying TRP-1 covered all headings from Chapters 1 to 99 of the tariff schedule (Printed schedule of duties or taxes levied on goods as they enter a country. It divides all goods into major and sub-groups for their correct and easy identification for charging customs duty, and recording the trade data for statistical purposes). The tariff modifications were staged over a five-year period (1981 – 1985) to cushion the impact of the changes on the various sectors of the economy. In the institution of tariff reforms, a review of existing protective rates was conducted to remove or phase out (a) those which were excessive; (b) those which had
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