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WCO advances instrument on valuation of imports purchased in flash sales
“The Technical Committee reaffirmed transaction value as the primary basis of valuation under the Agreement on Implementation of Article VII of the GATT 1994 and concluded that the highly discounted price is acceptable for Customs valuation purposes provided that the provisions of Article 1 are met.”
[World Customs Organization]
Pan-African free trade deal comes into force
“But huge obstacles remain to implementation, not least that the deal is a basic framework that will lack teeth until many crucial details are worked out. One of the agreement’s architects, Carlos Lopes, says it could take at least three years before the final agreement is implemented. Members are now starting to iron out specific details around rules of origin, intellectual property and dispute mechanisms.”
U.S. and Tunisia discuss agriculture, customs, other trade issues
[Office of the U.S. Trade Representative]