Wto Valuation Agreement Text

Wto Valuation Agreement Text

The full text of the WTO Customs Valuation Agreement is available in the WTO Agreements Database of the Trade Agreement Negotiations and Compliance Office. Sheri Rosenow, World Trade OrganizationSheri Rosenow is an advisor to the WTO, where she specializes in customs valuation, trade facilitation and other customs-related issues. On behalf of the WTO, it has trained government officials and members of the trading community in more than seventy countries. Excellent. I recommend this book to all customs administrations around the world. A very useful tool for all officials involved in evaluation. A reference copy in all customs libraries will be a very good thing. At present, there are no LDC-specific provisions in the CVA. A G90 proposal would stipulate for least developed countries that minimum values for customs valuation purposes would be used for 10% of customs items where the accuracy of the declared values cannot be established (WTO/EIF, 2020).

Recognizing that customs valuation should be based on simple and fair criteria consistent with commercial practices and that valuation procedures should have general application, without distinction between sources of supply; The Agreement allows the laws of importing countries to exclude the following goods from customs valuation: Oral correction of the wording of Article 8. (1) (b) (iv) | pdf-| 16.62 kb For cases where it is not possible to determine the transaction value of the imported goods, the agreement provides for alternative valuation methods. The first alternative is to determine the customs value on the basis of the transaction value of identical goods sold for export to the same country. In the case of non-identical goods, the customs authorities shall use the transaction value of goods of the same kind sold for export to the same country. Where identical or similar goods are not sold for export to the same country, the value of identical or similar goods may be used when they are sold in the importing country. Alternatively, a calculated value can be used; The agreement describes how this value is to be calculated. If all else fails, the customs authorities shall use “reasonable means in accordance with the principles and general provisions of this Agreement” to determine the value of the imported goods. Brief information on customs valuation Links to the WTO Customs Valuation section Understanding the WTO Guide.

This guide to the WTO Customs Valuation Agreement draws on the experience of authors, customs officials and policy makers from around the world to learn its intricacies. The authors provide practical examples of valuation methods and provisions on enforcement, implementation and dispute settlement, explain the interpretative decisions of national and international customs authorities and analyse the history of their negotiations. Designed as a learning tool, it helps new and experienced policy makers, customs officials, importers and exporters better understand the function and objectives of the agreement. Brian J. O`SheaBrian O`Shea is an experienced customs consultant working on the implementation of automated systems, including risk assessment and assessment applications, in South Africa and Europe. 2. No Member shall require or require persons not established in its territory to submit to verification or access to accounts or other records in order to determine a calculated value. However, the information provided by the manufacturer of the goods for the purpose of determining the customs value in accordance with this Article may be verified by the authorities of the importing country with the consent of the manufacturer of another country, provided that they inform the government of the country concerned in good time in advance and that the latter has not objected to the investigation. .


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