Customs Valuation Agreement

E82276

World Trade Organization agreement international trade agreement multilateral treaty

The Customs Valuation Agreement is a World Trade Organization accord that standardizes how countries determine the customs value of imported goods, primarily based on transaction value, to ensure fair and transparent trade practices.

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Observed surface forms (3)

Surface form	Occurrences
Agreement on Customs Valuation	3
WTO Customs Valuation Agreement	2
WTO customs valuation rules	1

Statements (48)

Predicate	Object
instanceOf	World Trade Organization agreement ⓘ international trade agreement ⓘ multilateral treaty ⓘ
administeredBy	World Trade Organization ⓘ
aimsTo	facilitate international trade by reducing valuation disputes ⓘ promote fairness in the application of customs duties ⓘ
alsoKnownAs	Customs Valuation Agreement ⓘ surface form: Agreement on Customs Valuation
appliesTo	imported goods ⓘ
basedOnPrinciple	transaction value ⓘ
bindingOn	all WTO members ⓘ
concludedAt	Uruguay Round (1986–1994) ⓘ surface form: Uruguay Round of multilateral trade negotiations
contains	provisions on treatment of assists in customs value ⓘ provisions on treatment of royalties and licence fees in customs value ⓘ provisions on treatment of transport, insurance and related costs ⓘ special and differential treatment provisions for developing countries ⓘ
defines	transaction value as the price actually paid or payable for the goods when sold for export to the country of importation ⓘ
encourages	use of objective and quantifiable data in customs valuation ⓘ
enteredIntoForce	1 January 1995 ⓘ
establishes	hierarchy of customs valuation methods ⓘ
fallbackMethod	reasonable means consistent with the principles and general provisions of the agreement and of Article VII of GATT 1994 ⓘ
fullName	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
language	English ⓘ French ⓘ Spanish ⓘ
legalBasisOf	Customs Valuation Agreement self-linksurface differs ⓘ surface form: WTO customs valuation rules
legalStatus	Annex 1A: Multilateral Agreements on Trade in Goods ⓘ surface form: Annex 1A agreement to the Marrakesh Agreement Establishing the World Trade Organization
linkedTo	Article VII of the General Agreement on Tariffs and Trade ⓘ surface form: Article VII of the General Agreement on Tariffs and Trade 1994
memberObligation	to base customs valuation primarily on transaction value ⓘ to establish administrative procedures consistent with the agreement ⓘ
monitoredBy	Committee on Customs Valuation ⓘ surface form: WTO Committee on Customs Valuation
predecessor	Agreement on Implementation of Article VII of GATT 1994 ⓘ surface form: 1979 GATT Agreement on Implementation of Article VII
primaryMethod	transaction value of the imported goods ⓘ
primaryObjective	to ensure transparency and predictability in customs valuation ⓘ to preclude the use of arbitrary or fictitious customs values ⓘ to provide a fair, uniform and neutral system for the valuation of goods for customs purposes ⓘ
prohibits	use of arbitrary or fictitious customs values ⓘ use of minimum customs values ⓘ
providesFor	technical assistance to developing country members on customs valuation ⓘ
replaced	many national systems based on officially established or notional values ⓘ
requires	publication of laws, regulations, judicial decisions and administrative rulings of general application relating to customs valuation ⓘ right of appeal in customs valuation matters ⓘ
scope	determination of customs value for ad valorem duties ⓘ
secondaryMethod	computed value method ⓘ deductive value method ⓘ transaction value of identical goods ⓘ transaction value of similar goods ⓘ
shortName	CVA ⓘ Customs Valuation Agreement self-linksurface differs ⓘ surface form: WTO Customs Valuation Agreement

Referenced by (8)

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

Customs Valuation Agreement → alsoKnownAs → Customs Valuation Agreement ⓘ

this entity surface form: Agreement on Customs Valuation

Customs Valuation Agreement → legalBasisOf → Customs Valuation Agreement self-linksurface differs ⓘ

this entity surface form: WTO customs valuation rules

Uruguay Round (1986–1994) → producedAgreement → Customs Valuation Agreement ⓘ

Agreement on Preshipment Inspection → relatedTo → Customs Valuation Agreement ⓘ

this entity surface form: Agreement on Customs Valuation

Tokyo Round → resultedIn → Customs Valuation Agreement ⓘ

this entity surface form: Agreement on Customs Valuation

Customs Valuation Agreement → shortName → Customs Valuation Agreement self-linksurface differs ⓘ

this entity surface form: WTO Customs Valuation Agreement

Customs Valuation Code → shortName → Customs Valuation Agreement ⓘ

this entity surface form: WTO Customs Valuation Agreement

Customs Valuation Code → shortName → Customs Valuation Agreement ⓘ