Rules of origin Flashcards
(12 cards)
It is in this type of products that the EFTA states have separate lists as contained in three annexes. What kind of products is being referred to?
a. Manufactured goods
b. Fish and fish products
c. Agricultural products
d. Pharmaceutical products
C. Agricultural products
Aside from China in which dialog partners below is the FTA includes the tariff reciprocity rule?
a. Korea
b. India
c. Japan
d. Hongkong
A. Korea
Which one among the following statements is erroneous in relation to ASEAN FTAs with dialogue partners?
a. A product imported into the Philippines from Indonesia and covered with a CO Form “E”.
b. A product of China with ST rate of 10% can avail of tariff preference by virtue of the tariff reciprocity principle under ACFTA when it is imported into the Philippines where the product is classified under its NT list.
c. One of the requirements for an imported product to avail of tariff preference under the AJCEP is for it to be accompanied with CO Form AJ issued by the competent government authority of the exporting participant.
d. A product of China with ST rate of 8% exported to the Philippines where the product is also classified under its ST list with rate of 10% can still avail of the tariff preference granted under the Reciprocity Rule of the ACTA Agreement.
D
Philippine participation in all Free Trade Agreements is in pursuance of which one of the CMTA provisions below?
a. Flexible Clause (Sec. 1608)
b. Classification Ruling (Sec. 1100)
c. General Rules for Interpretation (Sec. 1610)
d. Promotion of Foreign Trade (Sec. 1609)
D. Promotion of foreign trade
In order for an originating China product to be eligible under the Tariff Reciprocity Rule of the ACFTA, what should be the product’s tariff rate?
a. The product should have an ST rate of 10% or below at the importing party
b. China NT rate of 10% or below
c. The importer must have the product under its ST list
d. China ST rate of 10% or below
d. China ST rate of 10% or below
Under which one of the following conditions can the Reciprocity Rule be applied under the ACTA Agreement?
a. The product is in the NT list of the exporter and in the ST list of the importer with ST rate of 10%
b. The product is in the NT list of both trading partners at NT rate of 10% or below
c. The product is in the ST list of both the exporter and importer with ST rate of 10% or below
d. The product is in the ST list of the exporter at 7% ST rate and in the NT list of the importer at 5% NT rate and 10% MFN rate
D.
Which one among the following choices is the best definition for “Free Trade Area”?
a. It is exclusively a tariff-cutting agreement among contracting parties aiming to liberalize tariffs on all goods traded between them.
b. It is a regional area established by contracting parties wherein there is a free flow of trade resulting from the liberalization of import tariffs.
c. It is an area established through multilateral negotiations between countries with the objective of liberalizing trade and eliminating all trade barriers to promote freer flow of trade between them.
d. It is a type of trade bloc comprising of countries that have agreed to eliminate tariffs, quotas, and other barriers to trade and to increase trade of goods and services with each other.
D.
Under the Reciprocity Rule of the ACFTA Agreement, which one among the following conditions is invalid under the Rule?
a. The product to be imported is in the NT list of the Philippines and in the ST list of the exporting FTA Partner.
b. That the product’s ST rate in the exporting FTA partner should be 10% or below.
c. The applied MFN rate that is higher between the exporting FTA partner’s ST rate and the Philippines’ NT rate
d. that the applied rate under the Reciprocity Rule should not be lower than the importing FTA partner’s MFN rate.
C.
Which one among the following choices is NOT a requirement to be satisfied in order to be eligible for the preferential tariff under the ACFTA?
a. The product should be classified in the NT list of both participating countries.
b. The product should be originating under the ROO requirements of the ACFTA.
c. The shipment should have a duly issued CO Form D.
d. As per the ACTA’s Reciprocity Rule, the product should be classified under the ST list of the exporting participant with a tariff rate above 10% and classified under the NT list of the importing participant.
D.
Which one of the following choices is the latest concluded ASEAN FTA with dialogue partner?
a. PH-EFTA FTA
b. AHKFTA
c. ATIGA
d. PJEPA
B. AHKFTA
Which ASEAN country below is not included in the schedule of tariff reduction under AHKFTA?
a. Brunei
b. Malaysia
c. Singapore
d. Thailand
C. Singapore
Which specific kind of fish below is among the products excepted from the PH-EFTA FTA?
a. Bangus
b. Tilapia
c. Salmon
d. Lapu-Lapu
B. Tilapia
