To avail of the reduced tariffs on parts and components under the MVDP, the car manufacturer must be registered with what government agency?

This Section on Flexible Clause empowers the President the following prerogatives except for one which is to:

When can the Tariff Commission revoke an Advance Ruling?

Identify which one of the following statements on the HS is incorrect.

Which one of the following choices is not among the uses of the HS?

The Harmonized System's General Interpretative Rules 1 to 4 are applied:

This government agency is tasked to conduct public hearings to afford parties of interest regarding petitions filed pursuant to the flexible clause provisions of the CMTA.

Under Section 1608 of the CMTA, in which one of the following situations is the President authorized to modify tariff?

This Section allows the government to enter into trade agreements with other countries including tariff rate reductions.

The government used this formula to measure the tariff protection afforded to industries, in its tariff reform programs. Which one of the following is being referred to?

Below are some of the special laws passed by the government under the provisions of flexible clause that are affecting tariff rates, except for one, which is

Which one of the following situations will not fall within the purview of flexible clause?

In the flexible clause provisions of the tariff and customs code, tariff rates can be increased up to the maximum of:

Pursuant to section 1608 of the CMTA, the president is empowered to the following except for

The review of Philippine tariff system to make it responsive to the needs of the economy is known as

Some of the government-initiated tariff modifications on imported goods are the following except those under the

Which one of the following choices below is not within the purview of Section 1609?

The principles of the GIRs are applied in the exercise of this provision of the AHTN, as amended by the CMTA, RA 10863.

The following are the legal notes used in the determination of proper commodity under the HS except for one which is the ________

The legal texts of the HS adopted by the ASEAN Harmonized Tariff Nomenclature (AHT'N) are the following, except on

Under the WTO, It is defined as a tariff rates charged as percentage of the price

Under the WTO, these products are those not covered in the agreement on agriculture. These are known as

Aimed to achieve major reform in international trading system, this round is the latest trade negotiation of the WTO.

It is a multilateral treaty which provides a code of agreed rules for international trade embodying rights and obligations of a legal character.

Where is the headquarters of the World Trade Organization?

Who shall attend the WCO Council meetings?

It is a fundamental principle of WTO that ensures protection can only be given to a domestic industry through customs tariffs and not through other commercial measures. The aim is to make the extent of protection clear and to make competition possible.

What is the treatment of Chapter 77 in the Harmonized System?

It refers to the main trade facilitation customs convention developed by the WCO to harmonize and simplify customs procedures.

How much is the allocated percentage for rice seed development, propagation, and promotion under RA 11203?

Which among the following is NOT modified under Sec. 1609?

Which among the following is a semi-precious stone?

Which tariff reform program was created to reduce the overall level of protection and disperse tariff protection within and across industries?

Which among the following is NOT an annual report required under MVDP?

It refers to an independent intergovernmental body with worldwide membership whose mission is to enhance the effectiveness and efficiency of customs administration

How often does the WCO Council meet?

When was the CCC established?

Which Committee in the WCO has a task to administer the International Convention on the Harmonized Commodity Description and Coding System and to ensure that the HS keeps abreast of technical progress and international trade developments?

Which one among the following choices is NOT an obligation of a contracting party to the HS Convention with regards to the use of the HS nomenclature?

Which among the following refers to the negotiating tariff technique which seeks to reduce high tariffs more than those that are relatively low?

This refers to a multilateral agreement which aims to eliminate tariff and non-tariff barriers to trade in information technology products.

It is a fundamental principle of WTO in which it is embodied in the unconditional “most-favored nation” clause and that all contracting parties are bound to grant to each other treatment as favorable as they give to any country in the application and administration of import and export duties and charges.

How often does the WTO Ministerial Conference conduct meetings?

How many principles governing the classification of commodities are there in the Harmonized

The Philippines is the 104th contracting party to this Agreement whose primary objective is to facilitate international trade through the use of a common, harmonized tariff nomenclature. What is this Agreement?

It is fundamental principle of WTO that allows governments to feel they have no choice but to offer domestic industries temporary protection from imports.

The Government of Indonesia found out that the Philippines imposes an unreasonable safeguard duty on its rice shipments exported to the country resulting to trade distortions between their countries. To whom should the matter be resolved?

Mr. Justin Dave Cabonegro is an author who wrote the worldwide best-selling romantic novel entitled “Nagsugod sa Kalibunan”. It was duly registered and copyrighted with the IPO. However, Mr. Ko Pyah, a Chinese national claimed that he also wrote a similar novel entitled: “从灌木丛开始” which is also duly copyrighted in China. As a result, the two authors seek the attention of the WTO to resolve such issue. Under what WTO Agreement covers such conflict?

Who is the current Director-General of the WTO?

The WCO Council is assisted by Finance Committee and by the Policy Commission. How many members are there in each Committee?

Which among the following is NOT a benefit derived from membership in the ITA?

It refers to an Act Replacing Quantitative Import Restrictions on Agricultural Products Except Rice, with Tariffs, Creating the Agricultural Competitiveness Enhancement Fund and for Other Purposes.

With reference to the WTO Agreement on agriculture, determine which of the following is a tariff applied to imported commodities which are outside the MAV requirement:

It is a level that is higher than the applied or existing tariff.

How are commitments under ITA in the WTO undertaken?

The WTO was established during Doha Round which provides revised trade rules and policies. The WTO accounts for 98% of world trade and decisions were made typically by consensus.

How many rounds of WTO that was conducted since the establishment of GATT in 1947?

Which one among the following is the correct definition of “Tariffication”?

Which among the following refers to the negotiating tariff technique whereby all tariffs, regardless of their levels, are reduced by an agreed percentage?

The NFA shall submit an annual report to the NFA Council on the actual buffer stock level as compared to the optimal level.

TRP III sought to increase international competitiveness, simplify the tariff system for easier customs administration, and level the playing field for domestic manufacturers versus foreign rivals.

A participant in the MVDP may register vehicles under multiple brands as long as the assembly of each brand is covered by a license for the supply of CKD parts and components.

The certificate of registration issued by BOI to a qualified jewelry enterprise is valid for one year.

In the event of a scarcity of rice, the President may instruct the Secretary of DTI and PITC to quickly enter the rice sector by entering into agreements with private merchants who would buy the necessary rice supplies from both domestic and international sources.

TRP IV aimed to eliminate any residual anomalies in the tariff structure and smooth out the timetable of tariff reduction for qualified industries.

Upgrading features of the vehicle shall require registration with the Board of Investment.

One thousand five hundred pesos is the amount of renewal fee paid to a qualified jewelry enterprise with total assets of eight million pesos.

All importers of rice shall register with the BPI under RA 11203.

EO 765 was issued to temporarily modify the 5% rates of import duty on food and feed wheat for five months.

Suspension of certificate of accreditation of MVDP participant shall be imposed for violations of EO 156.

Jewelry-making capital equipment including spare parts and tools are exempted from excise tax under RA 8502.

The Secretary of Agriculture shall be accountable and responsible for the rice fund under RA 11203.

Import liberalization program is one of the two main instruments of structural adjustment pursued by the Philippine government with the objective of altering the basic structure of industry to make it more efficient and competitive internationally.

Only excise tax articles used by a qualified jewelry enterprise shall be subject to zero duty under RA 8502.

Used automobile imported by DFA officials under the Philippine government is exempted from payment of duties and taxes.

The SPSIC permit must be secured upon arrival of the rice shipment in the Philippines.

EPR estimates are used to provide information on the amount of government-provided protection that an industry receives.

To receive the CKD tariff rate, CKD parts and components must have prior authorization to import from DTI.

Raw minerals imported by qualified jewelry enterprises are not exempted from excise tax under RA 8502.