meaning of regional value content
Regional Value Content Some specific rules of origin require that a good have a minimum regional value content, meaning that a certain percentage of the value of the goods must be from North America. There are two formulas for calculating the regional value content.V. Where RVC is the regional value content, expressed as a percentage; TV is the transaction value of the good adjusted to an FOB basis; and VNM is the value of non-originating material used by the producer in the production of the good.