Committee on Customs Valuation - Fourth review of the Agreement on Preshipment Inspection - Report by the Chairperson

, taking into account the objectives thereof and experience gained in its operation.  As a result of such review, the Ministerial Conference may amend the provisions of the Agreement".FOURTH 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