Committee on Customs Valuation - Fifth Annual Review of the Implementation and Operation of the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 - Background Wor[...]ng Document by the Secretariat

G/VAL/W/43World Trade Organization RESTRICTED G/VAL/W/43 4 November 1999 (99-4765) Committee on Customs Valuation FIFTH ANNUAL REVIEW OF THE IMPLEMENTATION AND OPERATION OF THE AGREEMENT ON IMPLEMENTATION OF ARTICLE VII OF THE GENERAL AGREEMENT ON TARIFFS AND TRADE 1994 Background Working Document by the Secretariat This working document is circulated by the Secretariat in preparation for the fifth annual review of the implementation and operation of the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994 (the Agreement), to be conducted at the forthcoming meeting on 12 November 1999. As indicated in the text below, this document will have to be updated in light of the discussion at that meeting in order to give a full picture of the developments in the Committee during the current year. _______________ Article 23 of the Agreement provides that "the Committee shall review annually the implementation an