Customs Valuation Code
E82273
The Customs Valuation Code is an international agreement that standardized how countries determine the customs value of imported goods, aiming to make global trade more transparent and fair.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Customs Valuation Code canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T667246 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Customs Valuation Code Context triple: [Tokyo Round (1973–1979), resultedIn, Customs Valuation Code]
-
A.
Harmonized Commodity Description and Coding System
The Harmonized Commodity Description and Coding System is an internationally standardized system of names and numbers used to classify traded products for customs and trade statistics worldwide.
-
B.
Harmonized System Committee
The Harmonized System Committee is a key technical body within the World Customs Organization responsible for overseeing the interpretation, amendment, and uniform application of the Harmonized Commodity Description and Coding System used for international trade classification.
-
C.
Import-Export Clause
The Import-Export Clause is a constitutional provision that restricts states from imposing taxes or duties on imports or exports without the consent of Congress, thereby protecting federal control over foreign commerce and revenue.
-
D.
GCC Customs Union
The GCC Customs Union is a regional economic arrangement that harmonizes customs policies and facilitates the free movement of goods among the member states of the Gulf Cooperation Council.
-
E.
World Customs Organization
The World Customs Organization is an intergovernmental body that develops international customs standards and promotes cooperation among national customs administrations to facilitate trade and ensure border security.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Customs Valuation Code Target entity description: The Customs Valuation Code is an international agreement that standardized how countries determine the customs value of imported goods, aiming to make global trade more transparent and fair.
-
A.
Harmonized Commodity Description and Coding System
The Harmonized Commodity Description and Coding System is an internationally standardized system of names and numbers used to classify traded products for customs and trade statistics worldwide.
-
B.
Harmonized System Committee
The Harmonized System Committee is a key technical body within the World Customs Organization responsible for overseeing the interpretation, amendment, and uniform application of the Harmonized Commodity Description and Coding System used for international trade classification.
-
C.
Import-Export Clause
The Import-Export Clause is a constitutional provision that restricts states from imposing taxes or duties on imports or exports without the consent of Congress, thereby protecting federal control over foreign commerce and revenue.
-
D.
GCC Customs Union
The GCC Customs Union is a regional economic arrangement that harmonizes customs policies and facilitates the free movement of goods among the member states of the Gulf Cooperation Council.
-
E.
World Customs Organization
The World Customs Organization is an intergovernmental body that develops international customs standards and promotes cooperation among national customs administrations to facilitate trade and ensure border security.
- F. None of above. chosen
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
World Trade Organization agreement
ⓘ
international trade agreement ⓘ multilateral treaty ⓘ |
| administeredBy | World Trade Organization ⓘ |
| aimsTo |
enhance transparency in customs valuation
ⓘ
prevent arbitrary or fictitious customs values ⓘ promote fairness in international trade ⓘ standardize customs valuation of imported goods ⓘ |
| appliesTo |
WTO member states
ⓘ
imported goods ⓘ |
| basedOn | Article VII of the General Agreement on Tariffs and Trade ⓘ |
| coreConcept | customs value should be based on actual price paid or payable ⓘ |
| covers |
treatment of assists in customs value
ⓘ
treatment of commissions and brokerage in customs value ⓘ treatment of royalties and licence fees in customs value ⓘ treatment of transport and insurance costs in customs value ⓘ |
| defines | rules for determining customs value ⓘ |
| enteredIntoForce | 1995 ⓘ |
| enteredIntoForceWith | Marrakesh Agreement Establishing the World Trade Organization ⓘ |
| establishes | hierarchy of valuation methods ⓘ |
| hasOfficialName |
Agreement on Implementation of Article VII of GATT 1994
ⓘ
surface form:
Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994
|
| implementedThrough | national customs legislation ⓘ |
| influenced | World Customs Organization valuation guidelines ⓘ |
| language |
English
ⓘ
French ⓘ Spanish ⓘ |
| legalNature | binding on WTO members ⓘ |
| monitoredBy |
Committee on Customs Valuation
ⓘ
surface form:
WTO Committee on Customs Valuation
|
| objective |
ensure uniform interpretation of customs valuation rules
ⓘ
facilitate international trade ⓘ |
| partOf |
Uruguay Round (1986–1994)
ⓘ
surface form:
Uruguay Round Agreements
|
| predecessor |
Tokyo Round of Multilateral Trade Negotiations
ⓘ
surface form:
Tokyo Round Agreement on Customs Valuation
|
| primaryMethod | transaction value method ⓘ |
| prohibits |
use of arbitrary customs values
ⓘ
use of minimum customs values ⓘ |
| providesFor |
special and differential treatment for developing countries
ⓘ
technical assistance to developing countries ⓘ |
| relatedTo |
General Agreement on Tariffs and Trade
ⓘ
surface form:
General Agreement on Tariffs and Trade 1994
|
| replaced | earlier national systems based on arbitrary values ⓘ |
| requires | objective and quantifiable data for valuation adjustments ⓘ |
| secondaryMethod |
computed value method
ⓘ
deductive value method ⓘ fallback method ⓘ transaction value of identical goods ⓘ transaction value of similar goods ⓘ |
| shortName |
Customs Valuation Agreement
ⓘ
Customs Valuation Agreement ⓘ
surface form:
WTO Customs Valuation Agreement
|
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Customs Valuation Code Description of subject: The Customs Valuation Code is an international agreement that standardized how countries determine the customs value of imported goods, aiming to make global trade more transparent and fair.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.