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WTA /WTO and GATT Uruguay 1994

© WTO Multilateral

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World Trade Agreement 1994 (establishing the WTO and including GATT Uruguay 1994)

   1

III. Ministerial Decisions and Declarations

   4053

4. Customs Valuation:

   4118

4. (b) Texts Relating to Minimum Values and Imports by Sole Agents, Sole Distributors and Sole Concessionaires

 
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4. (b) Texts Relating to Minimum Values and Imports by Sole Agents, Sole Distributors and Sole Concessionaires

  4128

Ministers refer the following texts to the Committee on Customs Valuation for adoption:

  4129

* * *

  4130

Where a developing country Member makes a reservation to retain officially established minimum values within the terms of paragraph 2 of Annex III and shows good cause, the Committee shall give the request for the reservation sympathetic consideration.

  4131

Where a reservation is consented to, the terms and conditions referred to in paragraph 2 of Annex III shall take full account of the development, financial and trade needs of the Member concerned.

  4132

* * *

  4133

A number of developing countries considering accession to the Agreement have expressed concern that problems may exist in the valuation of imports by sole agents, sole distributors and sole concessionaires. Under paragraph 1 of Article 20, developing country Members have a period of delay of up to five years prior to the application of the Agreement. In this context, Members availing themselves of this provision could use the period to conduct appropriate studies and to take such other actions as are necessary to facilitate application.

  4134

In consideration of this, the Committee recommends that the Customs Co-operation Council assist developing country Members, in accordance with the provisions of Annex II, to formulate and conduct studies in areas identified as being of potential concern, including those relating to importations by sole agents, sole distributors and sole concessionaires.

  4135



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