Logo

India to aid Ethiopia in implementing customs valuation system

June 16, 2011

The decision comes after nine months of talks between the two.

The agreement was signed June 13 in the presence of Melaku Fenta, director general of ERCA, and Bhagwant S. Bishnoi, Indian envoy to Ethiopia.

As WTO states, the customs valuation system primarily bases the customs value on the transaction value of imported goods, which is the price actually paid or payable for the goods when sold for export to the country of importation, with certain adjustments.

Ethiopia, with over 65 million people, is facing challenges in the determination of the assessable value of imported goods. This is having a direct impact on the tax collection and economic development of the country.

Ethiopia is also in the process of acceding to the World Trade Organisation (WTO) which requires implementation of the Customs Valuation Agreement based on transaction value.

India has immense knowledge in valuation issues. It has offered to share its experience with Ethiopia through the technical assistance project and is also funding the project.

Bishnoi thanked Fenta for his efforts and the trust that he has reposed in the Indian customs for the project.

Related: Technical Information on Customs Valuation (WTO)

Share

4 comments on “India to aid Ethiopia in implementing customs valuation system

  1. I am not sure how good indian valuation systems is but years ago I went to India and I was not happy about the miscunduct of Indian customs employees at Mumbai airport. In fact I told myself at the time that India must be one of the top countries that have corruption problem.

  2. We can’t exclude oppostion parties in a multiparty demcocracy system. So opposing the ruling party’s policies shouldn’t be considered as barking; it is a bit rude.

Comments are closed