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WCO participate in EU-China Trade Project workshop on Customs Valuation

19 marzo 2014

A Customs valuation workshop was recently arranged for China Customs under the EU-China Trade Project II (EUCTP II), funded by the European Union. From 2010 to 2015, EUCTP II project activities will support the Chinese government's trade reform and sustainable development agenda across several areas, including Customs and trade facilitation, trade in services, food and product safety, investment and low carbon economy.

Two valuation experts from Dutch Customs, a representative of French Customs and a member of the WCO Secretariat’s Valuation Sub-Directorate facilitated the workshop, which took place in Guilin, China.

The sessions covered both technical and practical valuation topics of interest to China Customs, including the use of transfer pricing information, risk management and the use of buying/selling agents. Representatives from Ernst and Young also attended and made a presentation on the private sector perspective on the relationship between transfer pricing and Customs valuation.