GTEB Circular No. 002 (2000)

(NAR) VOL. 11 NO.1 / JANUARY – MARCH 2000

[ GTEB CIRCULAR NO. 002, S. OF 2000, January 14, 2000 ]

MODIFICATION IN THE REGULAR EA ALLOCATION SYSTEM

The Board on 11 January 2000 approved and confirmed the following modification in the Regular EA Allocation System.

1. Redefinition of Big and Small Firm:

• Big Firm — Firm with FOB Exports of at least $2M • Small Firm — Firm with FOB Exports below $2M 2. Simplification of Procedures:

• Separation of the distribution of allocable balance to 60% basket for big firms, and 40% for small firms instead of splitting the sum of the allocable balance into 60%/40% basket after each round of allocation, and • Transfer of remaining balance, if any, to the other basket which has not been satisfied.

3. Creation of Children's Basket • Distribution of allocable balance to T and NT Baskets as follows: Category T NT 338/9 30% 70% 347/8 30% 70% 638/9 50% 50% 647/8 50% 50% 3/651 30% 70% 3/642 30% 70% 345 30% 70% 634 30% 70% 3/640 30% 70% 445/6 30% 70% 3/641 30% 70% 336 50% 50% 635 30% 70% 7/8A 30% 70% 4. Reduction of the 20% cap on Small Baskets to 10%5. Extension of the validity of awards • Awards under Critical and Semi-Critical categories may be extended only once for a period of three-months.

6. Allocation Based on Shipment date for Non-Critical Categories:

• Pro-rata allocation for the similar declared shipment dates in cases where the remaining allocable balance is not sufficient to cover the said application.

7. Assessment Fees:

• Assessment fees shall be as follows: — Critical Categories, except 3/631 and 361: T NT REA P20/doz P30/doz. CEA P30/doz P50/doz. This takes effect fifteen (15) days from date of publication. Adopted: 14 Jan. 2000

(SGD.) FELICITAS R. AGONCILLO-REYES Executive Director