GMA signs EOs removing tariff on 4 imported items

The Philippine government has removed the tariff on imported steel, asphalt, crude oil and petroleum products. Outgoing President Gloria Macapagal-Arroyo issued Executive Order 890, setting a uniform zero tariff on imported crude oil and refined petroleum products from member-states of the Association of Southeast Asian Nations (ASEAN) and outside ASEAN. The decision to remove the tariff on the said products was reached during the May 25 meeting of the National Economic Development Authority Board. (June 28, 2010)