./.RESTRICTEDWORLD TRADE
ORGANIZATIONG/VAL/M/19
19 March 2001
(01-1333)
Committee on Customs Valuation
MINUTES OF THE MEETING OF 9 MARCH 2001
Chairman: Mr. Remo Moretta (Australia)
The agenda proposed for the meeting, circulated in WTO/AIR/1496, was adopted as follows:
I. INFORMATION ON IMPLEMENTATION AND ADMINISTRATION OF
THE AGREEM ENT.................................................................................................................1
A. N OTIFICATIONS MADE BY DEVELOPING COUNTRY MEMBERS ....................................................1
1. Reservation on minimum values .................................................................................................1
(a) Jamaica..................................................................................................................... ..................1
2. Extension of delay period ...........................................................................................................2
(a) Bahrain ..................................................................................................................... ..................2
(b) Nicaragua ................................................................................................................... ................2
II. OTHER BUSINESS.............................................................................................................. ....2
I. INFORMATION ON IMPLEMENTATION AND ADMINISTRATION OF THE
AGREEMENT
A. N OTIFICATIONS MADE BY DEVELOPING COUNTRY MEMBERS
1. Reservation on minimum values
(a) Jamaica
1.1 The Chairman drew Members' attention to document G/VAL/W/60/Add.2 containing a draft
decision on Jamaica's request for a reservation unde r paragraph 2 of Annex III of the Agreement on
Customs Valuation.  He proposed that the Committee adopt this draft decision.
1.2 The Committee adopted the draft decision contained in G/VAL/W/60/Add.2.
1.3 The representative of Jamaica thanked Members for their sympathetic consideration of
Jamaica's request, taking into account the development, financial, and trade needs of her country, as
provided for under the Ministerial Decision on Texts Relating to Minimum Values.G/VAL/M/19
Page 2
2. Extension of delay period
(a) Bahrain
(b) Nicaragua
1.4 The Chairman noted that the requests from Bahrain and Nicaragua were pending further
consultations among Members.
1.5 The representative of Nicaragua informed the Committee that his Government was
withdrawing its request and was presently implementin g the Agreement.  He also wished to provide
the Committee with the information on minimum values, as was required under the Decision granting
Nicaragua's reservation.  This notification was submitted to the Secretariat and would be circulated to
Members shortly.  He summarized that Nicaragua continued to maintain the same basis and criteria
for the determination of minimum prices as noted in document G/VAL/N/4/NIC/1 which was
distributed to Members in September, 2000.
II. OTHER BUSINESS
2.1 The Chairman informed the Committee that, barring the need to meet before this date, the
next meeting of the Committee would be 11 April 2001.
2.2 The meeting was adjourned.
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