Practice question
Which additional reciprocity route does IRR45(b)(ii) state besides majority-equity rights in a qualifying foreign economic activity?
- A declaration that the foreign country has pleasant weather.
- An investor's promise to use a Philippine trademark.
- Allowing Philippine nationals to invest the same value of capital in the specified qualifying economic activity.
- The existence of a tourist flight alone.
- A private statement that no laws need be identified.
Legal references
- RA 11659, amending CA146, public-utility definition and national-security safeguards: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/94539
- Signed March 20, 2023 implementing rules of RA11659, Sections 5-7 and 32-45: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/97017
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