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Agreement On Implementation Of Article Vii Of The General Agreement On Tariffs And Trade

10 September 2021 No Comment

`General expenses` include the direct and indirect costs of marketing the products concerned. an amount of profit and general expenses equal to that normally reflected in sales of products of the same category or category as the valued products produced by the producers of the exporting country for export to the importing country; In this context, it should be noted that the “amount of profits and overheads” must be taken as a whole. It follows that, where, in a given case, the producer`s profit is low and the manufacturer`s overhead costs are high, the producer`s profit and overheads may nevertheless correspond to those normally reflected in sales of products of the same category or type. Such a situation could occur, for example, when a product is marketed in the importing country and the producer accepts a zero or small profit in order to compensate for the high overall costs of placing on the market. If, due to particular economic circumstances, the producer can demonstrate a small profit from the sale of the imported products, account should be taken of the producer`s actual profits, provided that the producer has valid economic reasons to justify them and that the producer`s pricing policy reflects the usual pricing policy of the industry concerned. . . .

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Kathy Becker (318 Posts)

Kathy is the CEO/President of the Company of Experts, Inc. and oversees this Small Woman Owned Business serving schools, colleges and universities, businesses, corporations and non-profits moving them from deficit models of planning and thinking to engagement, empowerment and collaboration.

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