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Global Customs Valuation 2017-2018
The document discusses global customs valuation systems, covering historical contexts from Bretton Woods to the establishment of the WTO in 1995. It outlines various valuation methods, tariff theories, and the impact of disputes and agreements on customs valuation practices. Additionally, it incorporates case studies and references to current issues such as export tariffs, global value chains, and the implications of transfer pricing.
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Global Customs Valuation 2017-2018
- 1. Global Customs Valuation2017 •Agenda: •Bretton Woods, ITO and GATT Art. VII; •Valuation Systems: BDV e ASP (Nike Case) •GATT KR, TR and UR •Theory of Tariffs and Tariffication •WTO 1995 •WTO Disputes - Customs Valuation •WCO TCCV Instrumens •Export tariffs •G20/OECD BEPS •Global Value Chains (GVCs) •EU UCC Customs Valuation •China OBOR (Customs Procedures) Hokusai (1760-1849) 36 Views of Mount Fuji August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 2. Bretton Woods 1944and GATT 1947
- 3. Valuation Systems: ASPand BDV Alexander Hamilton (1789-95) 1st United States Secretary of the Treasury Debts, National Bank, Tariffs on Imports, Excises American System (economic plan) Tariffs, National Bank, Federal Subsidies American Selling Price (ASP) Chemicals, rubber footwear, canned clams and knitted woolen gloves CCC Brussels Definition of Value (BDV) Adopted 1953 under the GATT Principles CCC/WCO Valuation Committee Compare one thing in terms of another CIF definition, Notional concept “would fetch” Time, Place, Quantity, Price and Level August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 4. GATT Kennedy Round(1963-67), Tokyo Round (1973-79) , Uruguay Round (1986-94) and WTO (1995) Kennedy, John F.: campaign button Button from John F. Kennedy’s 1960 U.S. presidential campaign. GATT Codes Customs Valuation Code Optional / Not popular GATT Agreements Customs Valuation Agreement Marrakesh – WTO Customs Valuation Agreement Mandatory August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 5. • 5% Ad valorem •$5 per kg Specific • 10% + $2 per kg Compound • 10% or $2 per kg, whichever is higher Mixed • 8.3% + EA MAX 18.7% + AD S/Z “Technical” Theory of Tariffs versus Tariffication Revenue or Protection? Commodities Ad valorem two stages Compound concept Technical complexities August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 6. Customs Valuation from1950 to 1994 August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 7. WTO /OMC 1A Multilat. Trade Agrs. on Goods 1B GATS 1C TRIPS 2 Dispute Settlem. Undst. 3 Trade Policy Review Mech. 4 Plurilat. Agrs. MarrakeshAgreement Establishing the World Trade Organization WTO 1995 August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 8. WTO Customs ValuationMethods OMC Métodos Valoração Aduaneira WTO CVA Methods August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 9. 1. Price actually paid or payable (Preço) 2.For the goods (Mercadorias) 3. When sold for export (Exportação) 4. Adjusted (Art. 8) (Ajustado) WTO CVA Transactional Value August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 10. WTO Decisions Decision 6.1 CustomsDoubts Truth or Accuracy WCO TCCV Case Study 13.1 and 13.2 Decision 4.1 Software - Valuation of Carrier Media Decision on E-commerce Moratorium August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 11. WTO Disputes -Customs Valuation August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 12. WCO TCCV Instruments Commentary4.1 Price Review Clauses Commentary 23.1 Examination of the Phrase “Circumstances Surrounding the Sale” Commentary 23.1 Third Party Royalties Case Study 14.1 Use of Transfer Pricing Documentation August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 13. Export Tariffs -NTBs Food Crisis Export Restrictions WTO DS 431 China Rare Earths WTO Plus Romans Export Tariffs August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 14. WTO Agreements OMC Acordos CustomsValuation and Transfer Pricing August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 15. Customs Valuation andTransfer Pricing Valoração Aduaneira e Preços de Transferência WTO CV/OECD TP - Methods Comparison August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 16. G20/OECD BEPS Project August,2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 17. Customs Valuation inthe WTO TFA August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 18. • First Sale- Last Sale (Primeira Venda - Última Venda) European Union Customs Code (UCC) August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 19. Global Value Chains(GVCs) and Ad Valorem Tariffs August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 20. Customs Valuation andthe ER Volatility August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 21. China OBOR (NewSilk Road) August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 22. Reference for studentsand professionals August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/
- 23. Global Customs Valuation2017 •Agenda: •Bretton Woods, ITO and GATT Art. VII; •Valuation Systems: BDV e ASP (Nike Case) •GATT KR, TR and UR •Theory of Tariffs and Tariffication •WTO 1995 •WTO Disputes - Customs Valuation •WCO TCCV Instrumens •Export tariffs •G20/OECD BEPS •Global Value Chains (GVCs) •EU UCC Customs Valuation •China OBOR (Customs Procedures) August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/ Hokusai (1760-1849) 36 Views of Mount Fuji