Foreword

This book on customs valuation is a welcome addition to the WTO Secretariat/Cambridge University Press’s Handbook series. The Customs Valuation Agreement is the common system for determining the value of imports for duty assessment purposes and is therefore important to the everyday work of importers, customs officials, and others involved in international trade. However, because the Agreement is technical in nature and trade transactions can be complex, guidance and explanation of the terms of the Agreement will be useful to support its proper implementation.