THIRTY FIRST ANNUAL REVIEW OF THE IMPLEMENTATION AND OPERATION
OF THE AGREEMENT ON IMPLEMENTATION OF ARTICLE VII OF
THE GENERAL AGREEMENT ON TARIFFS AND TRADE 1994

Article 23 of the Agreement provides that "the Committee shall review annually the implementation and operation of this Agreement taking into account the objectives thereof". The main objectives of the Agreement are those listed in the General Introductory Commentary. The annual review of the Committee should cover the implementation and operation of the Agreement in the light of its objectives and specific obligations.

At its meeting of 10 November 2025, the Committee on Customs Valuation conducted the 31^st annual review of the implementation and operation of the Agreement.

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The contents of this document are as follows:

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I.       MEMBERS' DELAYED APPLICATIONS, RESERVATIONS AND
OBSERVER STATUS. 2

(a)     Delayed Application and Reservations. 2

(i)      Article 20.1 (delayed application of the provisions of the Agreement) 2

(ii)     Article 20.2 (delayed application of the computed value method) 2

(iii)    Annex III, paragraph 1 (extension of the five-year delay period) 3

(iv)    Annex III, paragraph 2 (reservation concerning minimum values) 3

(v)     Annex III, paragraph 3 (reservation concerning reversal of sequential order of
Articles 5 and 6) (53) 3

(vi)    Annex III, paragraph 4 (reservation to apply Article 5.2 whether or not the importer
so requests) (51) 3

(b)     Observer Governments (22) 3

(c)     Observer International Organizations (6) 4

II.     OFFICERS OF THE WTO COMMITTEE ON CUSTOMS VALUATION.. 4

III.    MEETINGS OF THE COMMITTEE. 4

IV.     NATIONAL LEGISLATION and other notifications PRESENTED. 4

(a)     Texts of national legislation. 4

(b)     Checklist of issues. 5

(c)     Information on the application of the Committee Decisions. 5

V.      TECHNICAL ASSISTANCE. 5

VI.     ISSUES RELATED TO IMPLEMENTATION OF THE AGREEMENT. 5

VII.   REPORTS BY THE TECHNICAL COMMITTEE ON CUSTOMS VALUATION.. 6

VIII. CONSULTATION AND DISPUTE SETTLEMENT. 6

IX.     Annual Review of the Implementation and Operation of the Customs Valuation Agreement - Draft Review by the Secretariat. 6

X.      ANNUAL REPORT TO THE COUNCIL FOR TRADE IN GOODS. 6

XI.     CUSTOMS VALUATION AGREEMENT AT 30 - PANEL DISCUSSION.. 6