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.

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

Pages that cite the WTO Valuation Agreement:

Context of TF negotiations
Custom cooperation
ICC Customs Guidelines