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 in Geneva ⓘ
commonName 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 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 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 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 (14)

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 → Annex 3 of the Marrakesh Agreement ⓘ
linked to: Agreement on Implementation of Article VII of GATT 1994
Customs Valuation Code → hasOfficialName → Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 ⓘ
linked to: Agreement on Implementation of Article VII of GATT 1994
Customs Valuation Agreement → fullName → Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 ⓘ
linked to: Agreement on Implementation of Article VII of GATT 1994
Customs Valuation Agreement → predecessor → 1979 GATT Agreement on Implementation of Article VII ⓘ
linked to: Agreement on Implementation of Article VII of GATT 1994
WTO agreements → include → Agreement on Implementation of Article VII of GATT 1994 ⓘ
Committee on Customs Valuation → appliesTo → Agreement on Implementation of Article VII of the GATT 1994 ⓘ
linked to: Agreement on Implementation of Article VII of GATT 1994
Committee on Customs Valuation → legalBasis → Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 ⓘ
linked to: Agreement on Implementation of Article VII of GATT 1994
Annex 1A: Multilateral Agreements on Trade in Goods → includesAgreement → Agreement on Implementation of Article VII of the GATT 1994 ⓘ
linked to: Agreement on Implementation of Article VII of GATT 1994
Article VII of the General Agreement on Tariffs and Trade → relatedInstrument → Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 ⓘ
linked to: Agreement on Implementation of Article VII of GATT 1994
Article VII of the General Agreement on Tariffs and Trade → implementedBy → Agreement on Implementation of Article VII of the GATT 1994 ⓘ
linked to: Agreement on Implementation of Article VII of GATT 1994
World Customs Organization valuation guidelines → basedOn → Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 ⓘ
linked to: Agreement on Implementation of Article VII of GATT 1994
CVA → fullName → Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 ⓘ
linked to: Agreement on Implementation of Article VII of GATT 1994
World Customs Organization Technical Committee on Customs Valuation → legalBasis → Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 ⓘ
linked to: Agreement on Implementation of Article VII of GATT 1994