WTO+Valuation+Agreement

= = The WTO Agreement on the implementation of Article VII of the GATT 1994, or the so-called Valuation Agreement, is part of the Uruguay Round of agreements. It sets out the rules for establishing the value of goods for the assement of Customs duties and taxes applicable at the time of import. The WTO Valuation Agreement established the principle of the "transaction" value, which means the value based on the price actually paid or payable for the goods.

The full text of the agreement can be found on the WTO website. More information on the agreement and its application can also be found on the WTO website in the category trade topics.

Pages where the WTO Valuation Agreement is referenced:
Clearance