General Provisions of the Agreement

The objectives of the World Trade Organisation Valuation Agreement are contained in the preamble of the Agreement and are as follows:

1. 1. To further the objectives of GATT 1994 Agreement and secure additional benefits for developing countries. 
   2. To provide greater uniformity and certainty. 
   3. A fair, uniform and neutral system that precludes the use of arbitrary or fictitious customs values
   4. Customs values should be based on simple and equitable criteria consistent with commercial practices.
   5. Valuation criteria should be of general application without distinction between sources of supply.
   6. Valuation procedures should not be used to combat dumping.