For customs authorities, the process of estimating the value of a product at customs presents problems that can have an impact on the amount of duty paid/collected. This item covers all support for valuation of imported goods. The WTO agreement on customs valuation more specifically aims for a fair, uniform and neutral system for the valuation of goods for customs purposes — a system that conforms to commercial realities, and which outlaws the use of arbitrary or fictitious customs values.

Reference to WTO mandate

Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 (customs valuation), Article 20.3

Examples of typical activities

Modernisation of customs legal, administrative, human resource and material infrastructure to be in full conformity with international conventions of the UN and the WTO.