   
  
G/L/1409  
 
26 October 2021  
(21-8100) Page: 1/1 
Committee on Customs Valuation    
 
FIFTH  REVIEW OF THE AGREEMENT ON PRESHIPMENT INSPECTION  
REPORT BY THE CHAIRPERSON  
1. Article 6 of the WTO Agreement on Preshipment Inspection (PSI Agreement ) states that:  
 "At the end of the second year from the date of entry into force of the WTO Agreement and 
every three years thereafter, the Ministerial Conference shall review the provisions, 
implementation and operation of this Agreement, taking into account the objectives thereof and 
experience gained in its operation.  As a result of s uch review, the Ministerial Conference may 
amend the provisions of the Agreement".  
2. The Committee has conducted four prior reviews of the PSI Agreement which were concluded , 
respectively,  in March 1999 (G/L/300) , October 2006 (G /L/809 ), October 201 4 (G/L/10 81), 
and April 2018 (G/L/1236).  
3. In advance of the Fifth Review of the PSI Agreement, the Secretariat , at the request of the 
Chairperson,  prepared a background note (G/VAL/W/363) to assist Members in considering 
matters in the context of the review  
4. At its meeting of 19 October 2020, the Committee launched the Fifth Review of the PSI 
Agreement. The Chairperson offered to hold consultations with interested delegations, and 
invited an y Member, should they so wish, to provide written submission s in connection with 
the review. No written submissions were received . Statements made by Members  at the 
Committee meeting s of 19 October 2020, 27 May 2021, and 25  October 2021 are reflected in 
the minutes of the meetings (G/VAL/M/ 70, G/VAL/M/ 71, and G/VAL/M/721). 
5. The Fifth Review of the PSI Agreement was concluded at the meeting of the Committee on 
25 October 2021.  
__________  
 
1 To be issued.  