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. .