1. Customs valuation Brussels 12 December 2012 John Malone JOINT CUSTOMS AND TRADE FACILITATION FORUM: A CUSTOMS STRATEGY FOR THE CONTINENTAL FREE TRADE AREA (CFTA) Organised by the African Union and European Union Commissions with the African Regional Economic Communities ² 1/6

2. Contents 1.1. Customs Valuation 2.2. Customs Valuation and the CFTA 3.3. Way Forward 2/6

3. (a) Customs valuation: Role and Purpose of Customs Valuation in Customs and Trade Policies. WTO Agreement on Customs Valuation. Customs Valuation with special attention to FTA's: Value of goods in external trade and Value of goods between CFTA Members – policy issues. Value of goods in external trade and Value of goods between CFTA Members – technical issues. Importance of uniform and consistent implementation. 3/6

4. (b) Customs valuation and the CFTA: Getting Customs valuation right: ensuring efficient revenue collection, while avoiding burdens to trade. How to ensure that the practices, processes and results of the valuation of goods will contribute to the successful operation of the CTFA Trade Facilitation and Customs Valuation: mutually supportive policy objectives. Bilateral Trade Facilitation, Regional Trade Facilitation, CTFA Trade Facilitation. 4/6

5. (c) Way Forward: Effective Customs Valuation implementation as part of an efficient Customs Administration; Customs Valuation as part of the Customs Strategy at national level, Regional level and Free Trade Area level. Common Implementation tools (Blueprints, Guides, Manuals). 5/6

6. Further information on TAXUD websites : Valuation: http://ec.europa.eu/taxation_customs/customs/customs_duties/declared_goods/index_en.htm Trade Facilitation: http://ec.europa.eu/taxation_customs/customs/policy_issues/trade_falicitation/index_en.htm or by e-mail: John.Malone@ec.europa.eu Thank you. 6/6