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GATT3_4B.TXT
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1994-01-11
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TEXTS RELATING TO MINIMUM VALUES AND IMPORTS BY SOLE AGENTS,
SOLE DISTRIBUTORS AND SOLE CONCESSIONAIRES
Ministers refer the following texts to the Committee on Customs
Valuation for adoption:
* * *
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.
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.
* * *
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.
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.