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DECISION ONTEXTS RELATING TOMINIMUM VALUES AND IMPORTS
BYSOLE AGENTS, SOLE DISTRIBUTORS AND SOLE CONCESSIONAIRES
Ministers decide toreferthefollowing textstotheCommittee onCustoms Valuation established
under theAgreement onImplementation ofArticle VIIofGATT 1994, foradoption.
I
Where adeveloping country makes areservation toretain officially established minimum values
within theterms ofparagraph 2ofAnnex IIIandshows goodcause, theCommittee shallgivetherequest
forthereservation sympathetic consideration.
Where areservation isconsented to,theterms andconditions referred toinparagraph 2of
Annex IIIshalltakefullaccount ofthedevelopment, financial andtradeneeds ofthedeveloping country
concerned.
II
1. Anumber ofdeveloping countries haveaconcern thatproblems mayexistinthevaluation
ofimports bysoleagents, soledistributors andsoleconcessionaires. Under paragraph 1ofArticle 20,
developing country Members haveaperiod ofdelay ofuptofiveyears prior totheapplication ofthe
Agreement. Inthiscontext, developing country Members availing themselves ofthisprovision could
usetheperiod toconduct appropriate studies andtotakesuchother actions asarenecessary tofacilitate
application.
2. Inconsideration ofthis,theCommittee recommends thattheCustoms Co-operation Council
assist developing country Members, inaccordance withtheprovisions ofAnnex II,toformulate and
conduct studies inareasidentified asbeing ofpotential concern, including those relating toimportations
bysoleagents, soledistributors andsoleconcessionaires.