Agreement on Implementation of Article VII of GATT 1994

E153554

The Agreement on Implementation of Article VII of GATT 1994, commonly known as the WTO Customs Valuation Agreement, sets out rules for determining the customs value of imported goods to ensure fair, uniform, and neutral application of trade regulations.

All labels observed (5)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf World Trade Organization agreement
international trade agreement
multilateral treaty
adjustmentIncludes commissions and brokerage
cost of containers and packing
proceeds of subsequent resale accruing to the seller
royalties and licence fees related to the goods being valued
value of assists supplied by the buyer
administeredBy World Trade Organization
aimsToPrevent use of customs valuation as a disguised restriction on international trade
alsoKnownAs Customs Valuation Agreement
appliesTo all WTO Members
basedOn Article VII of GATT 1994
committeeFunction to afford Members the opportunity to consult on matters relating to the implementation of the Agreement
to carry out responsibilities assigned by the Council for Trade in Goods
committeeLocatedAt WTO headquarters, Geneva, Switzerland
surface form: WTO headquarters in Geneva
commonName Customs Valuation Agreement
surface form: WTO Customs Valuation Agreement
contains provisions on confidentiality of information supplied for customs valuation
provisions on right of appeal in customs valuation matters
rules on adjustments to the transaction value
special and differential treatment provisions for developing country Members
defines transaction value as the price actually paid or payable for the goods when sold for export to the country of importation
enteredIntoForceWith the establishment of the World Trade Organization in 1995
establishes Committee on Customs Valuation
surface form: a Committee on Customs Valuation

a hierarchy of valuation methods
fallbackMethod reasonable means consistent with the principles and general provisions of the Agreement and Article VII of GATT 1994
legalStatus Annex 1A: Multilateral Agreements on Trade in Goods
surface form: Annex 1A agreement to the WTO Agreement
objective to ensure neutral application of trade regulations related to customs valuation
to ensure uniform application of customs valuation rules
to establish a fair system for customs valuation of imported goods
partOf Marrakesh Agreement Establishing the World Trade Organization
primaryMethod transaction value of the imported goods
principle customs value should be based on actual transaction value
prohibits use of arbitrary or fictitious customs values
providesFor technical assistance to developing countries in customs valuation
replaced Tokyo Round of Multilateral Trade Negotiations
surface form: the 1979 Tokyo Round Agreement on Implementation of Article VII of the GATT 1947
requires that customs valuation not be based on arbitrary or fictitious values
that customs valuation not be based on minimum customs values
that customs valuation not be based on the higher of two alternative values
that customs valuation not be based on the price of goods on the domestic market of the country of exportation
that customs valuation not be based on the selling price of domestically produced goods
use of objective and quantifiable data in customs valuation
scope determination of customs value of imported goods
secondaryMethod computed value method
deductive value method
transaction value of identical goods
transaction value of similar goods
subjectMatter customs valuation rules for imported goods

How these facts were elicited

Referenced by (13)

Full triples — surface form annotated when it differs from this entity's canonical label.

Council for Trade in Goods oversees Agreement on Implementation of Article VII of GATT 1994
TPRM legalBasis Agreement on Implementation of Article VII of GATT 1994
this entity surface form: Annex 3 of the Marrakesh Agreement
Customs Valuation Code hasOfficialName Agreement on Implementation of Article VII of GATT 1994
this entity surface form: Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994
Customs Valuation Agreement fullName Agreement on Implementation of Article VII of GATT 1994
this entity surface form: Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994
Customs Valuation Agreement predecessor Agreement on Implementation of Article VII of GATT 1994
this entity surface form: 1979 GATT Agreement on Implementation of Article VII
WTO agreements include Agreement on Implementation of Article VII of GATT 1994
Committee on Customs Valuation appliesTo Agreement on Implementation of Article VII of GATT 1994
this entity surface form: Agreement on Implementation of Article VII of the GATT 1994
Committee on Customs Valuation legalBasis Agreement on Implementation of Article VII of GATT 1994
this entity surface form: Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994
Annex 1A: Multilateral Agreements on Trade in Goods includesAgreement Agreement on Implementation of Article VII of GATT 1994
this entity surface form: Agreement on Implementation of Article VII of the GATT 1994
Article VII of the General Agreement on Tariffs and Trade relatedInstrument Agreement on Implementation of Article VII of GATT 1994
this entity surface form: Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994
Article VII of the General Agreement on Tariffs and Trade implementedBy Agreement on Implementation of Article VII of GATT 1994
this entity surface form: Agreement on Implementation of Article VII of the GATT 1994
World Customs Organization valuation guidelines basedOn Agreement on Implementation of Article VII of GATT 1994
this entity surface form: Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994
CVA fullName Agreement on Implementation of Article VII of GATT 1994
this entity surface form: Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994