The Bureau of Customs (BOC) announced on Monday the issuance of Customs Memorandum Order (CMO) 11-2024, which provides guidelines for the implementation of Executive Order (EO) No. 80.

The order is titled "Guidelines on the Issuance of Proof of Origin, Granting of Preferential Tariff Treatment Under the Philippines–Korea Free Trade Agreement (PH-KR FTA)."

The BOC explained that EO 80, signed recently by President Ferdinand "Bongbong" R. Marcos Jr., requires adjustments to import duty rates for certain goods in accordance with the Philippines' commitments under the PH-KR FTA. The agreement seeks to improve trade relations between the Philippines and South Korea, supporting regional integration and economic growth.

BOC Commissioner Bienvenido Y. Rubio signed the CMO, which took effect on 31 December 2024, the same day EO 80 went into effect. The memorandum includes provisions on pre-exportation inspection or product assessment, certificate of origin issuance, procedures for obtaining "Approved Exporter" status, and origin declaration completion, among other points. These guidelines aim to ensure proper implementation of the agreement.

Under EO 80, goods originating in South Korea and listed in the Philippine Schedule of Duty Commitments will be eligible for reduced or zero-duty rates. To qualify for preferential treatment, these goods must meet origin requirements and be accompanied by the appropriate proof of origin.

In a statement, Commissioner Rubio noted that the issuance of the CMO is part of the BOC's effort to facilitate trade and ensure the smooth implementation of the PH-KR FTA. He added that the Bureau is working with stakeholders to ensure compliance with the new regulations.