Wto Valuation Agreement

Considering that the basis for assessing goods for customs purposes should, as far as possible, be the transactional value of the goods to be assessed; In cases where it is not possible to determine the transaction value of imported goods, the agreement provides for other valuation methods. The first alternative is to determine the customs value on the basis of the transaction value of identical goods sold for export to the same country. In the absence of identical goods, customs authorities use the transaction value of similar goods sold for export to the same country. Where identical or similar goods are not sold for export to the same country, the value of identical or similar goods can be used when sold in the country of import. Another value can be used; the agreement describes how this value should be calculated. In the event of failure of any other, customs authorities use “appropriate means, in accordance with the principles and general provisions of this agreement,” to determine the value of imported goods. The agreement established a customs value assessment committee made up of representatives from each WTO member country. This committee meets at least once a year and gives members the opportunity to consult on issues related to the management of the customs assessment system. As part of the agreement, a technical customs assessment committee was also established under the aegis of the World Customs Organization, an international organization based in Brussels, whose aim is to promote international cooperation in customs matters. The tasks of the technical committee, which meets at least twice a year, include examining specific technical problems related to the day-to-day management of the agreement; Provide appropriate advice and solutions to these problems Reviewing Member States` assessment laws, procedures and practices; and provide information and advice on all customs assessment issues that may be requested by Member States. The agreement allows the legislation of importing countries to include customs assessment or exclude it from customs assessment: post-release verification, including the examination of importers, is now generally regarded as the key aspect of customs assessment control.

It is a question of examining the registrations and, in particular, the international trade transactions in which importers have participated. In order to achieve the best results in terms of both revenue protection and reduction of trade barriers, these controls should be carried out on the basis of selective targeting and risk analyses. As mentioned in the previous chapter, customs administrations are increasingly accepting that it is no longer necessary or effective to concentrate all their border controls. This change in approach, often challenged by customs traditionalists, is particularly beneficial for evaluation control. Evaluation work has always been ideal for post-publication controls, as the overall image that forms the basis of the evaluation is only available in its entirety from an importer`s records. Implementation of the agreement must be based on a secure basis and include not only the actual content, but also the associated instruments, powers and administrative mechanisms, so that it can function successfully. An adequate administrative and legal structure is essential to its successful implementation. The legal framework adopted is influenced by a country`s existing legislative practice; However, it was found that the preferred option was comprehensive legislation covering all aspects of the evaluation.

In addition to the obligation to ensure that the content of the agreement is included in national law in general, implementation requires members to take the following steps in their national legislation: one of the outcomes of the Tokyo trade negotiations was the agreement on the implementation of Article VII of the General Agreement on Tariffs and Trade.