Article VII Of The General Agreement On Tariffs And Trade 1994

Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 in Global Commerce Policy

In this regard, a definition of this issue is as follows: the customs valuation agreement. The entries on trade policy are here. It sets out the principles and procedures to be followed by WTO members in their assessment of the value of imported goods for the purpose of levying the appropriate amount of customs duties. The primary base for assessing the customs value is the transaction value. Broadly, this is the price actually paid or payable for the goods for export under conditions of competition. See also identical goods and similar goods.[1]

Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994in the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994” entry (OAS)

See Also