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Are there any provisions in the ACV for applying minimum values?

April 26, 2017acv minimum values

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Are there any provisions in the ACV for applying minimum values?

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Ans: Paragraph 2 of Annex III to the ACV provides that developing countries, which currently value goods on the basis of minimum values, may retain such values on a limited and transitional basis subject to such terms a s agreed to by the WTO Members.