RESTRICTED
WORLD TRADE G/SCM/Q2/PHL/4
26June1996
ORGANIZATION(96-2449)
Original: English Committee onSubsidies andCountervailing Measures
SUBSIDIES
Questions from THAILAND Regarding theNew
andFullNotification ofthePHILIPPINES1
Thefollowing communication, dated 20June1996, hasbeenreceived from thePermanent
Mission ofThailand.
_______________
1. Ispermission forextra deduction ofexpenses from taxable income derived from theexport
ofproducts produced orassembled bytheregistered enterprise included asoneoftheincentives given
bytheOmnibus Investment Code?
2. IfyesinQ.1., willthePhilippines terminate theincentive by1999?
3. Isthere anylocalcontent requirement attached toincentives provided bytheBOI?
4. Forreasons oftransparency, please provide details ofthePhilippines export financing scheme,
andthePhilippines export insurance andguarantee programmes.
1G/SCM/N/3/PHL.