Latest Customs Valuation presentation with the following topics: 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; and China OBOR (Customs Procedures).

1. Global Customs Valuation 2017
•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 1944 and GATT 1947

3. Valuation Systems: ASP and 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 from 1950 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.
Marrakesh Agreement Establishing the World Trade Organization
WTO 1995
August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/

8. WTO Customs Valuation Methods
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
Customs Doubts 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
Commentary 4.1
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
Customs Valuation and Transfer Pricing
August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/

15. Customs Valuation and Transfer 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 in the 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 and the ER Volatility
August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/

21. China OBOR (New Silk Road)
August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/

22. Reference for students and professionals
August, 2017 - Leonardo Macedo - Leonardo.Macedobr@gmail.com / https://www.linkedin.com/in/macedoleo/

23. Global Customs Valuation 2017
•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