WORLD TRADE
ORGANIZATIONG/VAL/25
5 May 2000
(00-1850)
Committee on Customs Valuation Original:  English
RESERVATION BY NICARAGUA UN DER PARAGRAPH 2, ANNEX III OF
THE AGREEMENT ON IMPLEMENTATION OF ARTICLE VII OF
THE GENERAL AGREEMENT ON TARIFFS AND TRADE 1994
Decision
The following Decision concerning the reservation by Nicaragua under paragraph 2 of Annex
III of the Agreement was adopted by the Committee on Customs Valuation on 28 April 20001.
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Draft Decision
TAKING into account Nicaragua's request for a reservation under para graph 2 of Annex III of
the Agreement on Implementation of Article VIII of the General Agreement on Tariffs and Trade1994 (Customs Valuation Agreement);
NOTING:
- that Nicaragua was a contracting party to the WTO Agreement on Implementation of Article
VII of the General Agreement on Tariffs and Trade 1994 (Customs Valuation Agreement)
and invoked paragraph 1, Article 20 of that Agreement on 3 September 1995, and is thereforescheduled to apply the provisions of the Agreement on 3 September 2000;
- the considerable efforts made by Nicaragua to apply fully the provisions of the Customs
Valuation Agreement, and that in all other regards Nicaragua will implement fully the
Customs Valuation Agreement from 3 September 2000;
- the good cause for Nicaragua's request as set out in G/VAL/W/59 and its intention to make
this reservation on a limited and transitional basis;
- that this reservation to maintain minimum va lues will apply only to the products identified
in Annex I and Nicaragua's indication that th is would be a single request to maintain
minimum values;
the Committee decides pursuant to paragraph 2 of Annex III of the Agreement and paragraph 1 of the
Ministerial Decision on Texts Relating to Minimum Values and Imports by Sole Agents, SoleDistributors and Sole Concessionaires, adopted by the Committee in May 1995, that Nicaragua may
continue to use officially-established minimum values until 3 September 2002 for the valuation for
customs purposes for the following goods:
(i) retreaded or used pneumatic tyres classified under HS heading 40.12,
                                                     
1 See document G/VAL/M/14 to be issued.G/VAL/25
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(ii) worn and used clothing and worn and used textile articles, rags and worn-out articles,
worn and used articles of materials classified under HS headings 63.09 and 63.10
(iii) used vehicles, used tractors, used bicycles and other used land vehicles, and used
parts and accessories thereof, classified under HS Chapter 87
and until 3 September 2003 for the following goods:
(i) sugar classified under HS heading 17.01
according to the following terms and conditions:
1. Nicaragua will report to the Committee on Customs Valuation by 31 March 2001, 30
September 2001, 31 March 2002, 30 September 2002 and 31 March 2003  on the status of its
implementation of officially-established mini mum values for the products listed in Annex;
2. Nicaragua will not apply minimum values to additional products;3. Nicaragua will,  by no later than 3 September 2000, publish and make publically available, in
accordance with Article X of the General Agreement on Tariffs and Trade 1994, the basis, criteria and
other relevant information for determining the minimum values for the products listed in Annex I;
4. Nicaragua will publish and make publically available, in accordance with Article X of the
General Agreement on Tariffs and Trade 1994, any amendments or changes to the above-mentioned
basis, criteria and other relevant information 60 days before implementing such changes, and will not
apply such changes to importations entering its customs territory prior to the completion of this 60
day notification period;
5. This Decision shall not prejudice the rights and obligations of Nicaragua under the WTO
Agreements, in particular those rights and obligations under the Customs Valuation Agreement.G/VAL/25
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Annex I
Minimum Values
Product Description and HS Tariff Classification
Sugar classified under HS heading 17.01
Retreaded or used pneumatic tyres classified under HS heading 40.12Worn clothing and worn textile articles, rags and worn-out articles, articles of materials
classified under HS headings 63.09 and 63.10
Used vehicles, tractors, bicycles and other land vehicles, and parts and accessories thereof,
classified under HS Chapter 87
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