Questions and Answers
What is an 'Adjustment Plan'?
An action plan which a domestic industry is required to submit, describing quantified goals, specific plans, and timetables to facilitate positive adjustment to import competition.
What does the term 'Commission' refer to in this document?
The Tariff Commission.
Who are considered 'Consumers'?
Natural persons or organized consumer groups who are purchasers, lessees, recipients, or prospective purchasers, lessees, or recipients of consumer products, services, or credit.
What are 'Directly competitive products'?
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What is meant by 'Domestic industry'?
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The primary legislation governing these procedures is __________.
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Study Notes
Revised Rules of Procedure
- Governs investigations by the Tariff Commission under Republic Act No. 8800 (Safeguard Measures Act).
- Established as part of the Customs Modernization and Tariff Act (RA No. 10863).
Key Definitions
- Adjustment Plan: A required action plan from domestic industries detailing quantified goals, plans, and timetables to adapt to import competition.
- Commission: Refers specifically to the Tariff Commission.
- Consumers: Includes both individual purchasers and organized consumer groups involved in transactions for products, services, or credit.
- Directly Competitive Products: Domestically produced goods that can substitute for imported items.
- Domestic Industry: Encompasses all domestic producers of like or directly competitive products in the Philippines, whose production represents a notable share of total output.
Special Conditions for Domestic Producers
- Domestic producers importing competitive products must only account for their local production in assessments.
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Description
Test your knowledge on the revised rules of procedure for formal investigations as per Republic Act No. 8800. This quiz covers key concepts and guidelines established by the Tariff Commission for implementing safeguard measures. Perfect for those studying trade and tariff regulations.
