Computed Value

Computed value in Global Commerce Policy

In this regard, computed value is: one of the methods for customs valuation permitted by the WTO Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade (the Customs Valuation Agreement) if no reliable price information is available. The entries on trade policy are here. A computed value consists of the sum of (a) the cost or value of the materials and their processing, (b) a normal amount for profit and general expenses, and (c) the cost or value of all expenses necessary, such as transport, port handling, charges and insurance.[1]

Computed valuein the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “Computed value” entry (OAS)

See Also