1. Goods (including luggage) and ships and other means of transport shall be considered to be transiting through the territory of a Contracting Party where transit through that zone, with or without transhipment, storage, disruption or modification of the mode of transport, is only part of a complete journey beyond the border of the Contracting Party through who wholed the traffic transits. Traffic of this type is described in this article as traffic in transit. 2. No Member may require or compel persons who are not established in its territory to submit to examination or access to accounts or other records in order to determine a calculated value. However, the information communicated by the manufacturer of the products for the purpose of determining the customs value referred to in this Article may be verified by the authorities of the importing country, with the agreement of the producer, in another country, provided that they inform the government of the country concerned in good time and do not oppose the investigation. 3. In respect of existing national taxes which are incompatible with the provisions of paragraph 2 but which have been expressly authorized under a trade agreement in force on 10 April 1947, in which the import duty on the taxed product is bound against an increase, the Contracting Party bearing the tax shall be required to defer the application of paragraph 2 to the said tax; until they exempt the obligations arising from that trade agreement in order to allow for the increase of that tax to the extent necessary to compensate for the elimination of the protective element of the tax. (d) where a quota is allocated among the supplier countries, the Contracting Party applying the restrictions may seek agreement with all other Contracting Parties having a major interest in supplying the product concerned on the allocation of shares in the quota. Where this method is reasonably inapplicable, the Contracting Party concerned shall allocate shares of the total quantity or value of imports of the product to parties having an essential interest in the supply of the goods, on the basis of shares held by those parties during an earlier representative period, taking into account particular factors: that due account should be taken of the effects or effects likely to affect trade in the product. No conditions or formalities shall be imposed to prevent a Contracting Party from taking full advantage of the share allocated to it in such a total quantity or value, provided that the importation takes place within a specified period to which the quota may relate.* Obligation to comply with specific binding obligations in each of the following areas: market access; domestic aid; export competition; and to reach agreement on sanitary and phytosanitary issues; Wto agreements are often seen as the Final Act of the 19861994 Uruguay Round of trade negotiations, although, strictly speaking, the Final Act is the first of the agreements. You can download these texts as WordPerfect or PDF files. 4.
(a) unless otherwise provided for in this paragraph, the conversion rate to be used shall be used for each participating currency where it is necessary, for the purposes of paragraph 2 of this Article, for a Party to convert into its own currency a price expressed in the currency of another country; the nominal value determined in accordance with the Articles of the Agreement of the International Monetary Fund or the exchange rate recognized by the Fund or the nominal value determined under a special exchange agreement concluded pursuant to Article XV. 2. In all cases where the Contracting Parties are invited to examine or address problems relating to foreign exchange reserves, balances of payments or exchange rate regimes, they shall consult fully with the International Monetary Fund. .