Agreement Establishing the World Trade Organization
Decision on Texts Relating to Minimum Values and Imports by Sole Agents, Sole Distributors and Sole Concessionaires
Decide to refer the following texts to the Committee on
Customs Valuation established under the Agreement on Implementation
of Article VII of GATT 1994, for adoption.
Where a developing country 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 developing
1. A number of developing countries have a 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, developing
country 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.
2. 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.
Continue on to Decision on Institutional Arrangements
for the General Agreement on Trade in Services