Preferential tariff rates allowed for countries under RCEP–BOC
THE Customs bureau has issued guidelines that would oversee the implementation of preferential tariffs on imported goods coming from member-countries of the Regional Comprehensive Economic Partnership (RCEP) agreement. Bureau of Customs (BOC) Commissioner Bienvenido Y. Rubio issued Customs Memorandum Order (CMO) 12-2023 that outlined the guidelines on the issuance of…