      TEXTS RELATING TO MINIMUM VALUES AND IMPORTS BY SOLE AGENTS,
               SOLE DISTRIBUTORS AND SOLE CONCESSIONAIRES


      Ministers refer the following texts to the Committee on Customs 
Valuation for adoption:

                                  * * *

      Where a developing country Member makes a reservation to retain 
officially established minimum values within the terms of paragraph 2 of 
Annex III and shows good cause, the Committee shall give the request for the 
reservation sympathetic consideration.

      Where a reservation is consented to, the terms and conditions referred 
to in paragraph 2 of Annex III shall take full account of the development, 
financial and trade needs of the Member concerned.

                                  * * *

      A number of developing countries considering accession to the 
Agreement have expressed concern that problems may exist in the valuation of 
imports by sole agents, sole distributors and sole concessionaires.  Under 
paragraph 1 of Article 20, developing country Members have a period of delay 
of up to five years prior to the application of the Agreement.  In this 
context, Members availing themselves of this provision could use the period 
to conduct appropriate studies and to take such other actions as are 
necessary to facilitate application.

      In consideration of this, the Committee recommends that the Customs 
Co-operation Council assist developing country Members, in accordance with 
the provisions of Annex II, to formulate and conduct studies in areas 
identified as being of potential concern, including those relating to 
importations by sole agents, sole distributors and sole concessionaires.
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