WTO Valuation Agreement
The WTO Agreement on implementation of Article VII of the GATT 1994, or the so-called Valuation Agreements, is part of the Uruguay Round of agreements. The agreement sets out the rules on establishing the value of the goods for the assessment of Customs duties and taxes applicable at the time of import of the goods. Under the Valuation Agreement the transaction value is the primary method of value which means the value based on the price actually paid or payable for the goods.
Pages that cite the WTO Valuation Agreement: