Agreement on Customs Valuation


Agreement on Customs Valuation

      Over 50 developing countries have made use of Article 20 of the Agreement enabling them to invoke a 5 year delay for the application of the provisions of the Agreement. For 27 of those countries the delay period ends at the end of 1999. The Secretariat will draw up a plan to assist countries that have not started preparatory work in order to be ready to implement the Agreement by the deadline.

      For another 25 developing countries the delay period for the application of the provisions of the Agreement will expire in the course of the year 2000 or early 2001. Similar arrangements will be made on a regional and individual basis for those countries to assist.

 

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