Copyright 1995 NLCIFT



Title:TEXTS RELATING TO MINIMUM VALUES AND IMPORTS BY SOLE AGENTS....

  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.