Historically, countries were free to estimate the value of an imported product at customs. Following the creation of the WTO, the member countries of the Organization agreed upon six methods for establishing a uniform valuation system.
The European Union is an important market for SMEs operating in animal breeding or in the production of animal products. The advantage is that regulations, in general, are common to the 28 countries of the trade bloc.
The Chinese market can be both attractive and daunting for small and medium-sized enterprises deciding to export their products. However, the opportunity of selling goods or services in a market of almost 1.35 billion people should not be missed.
Dispute settlement mechanisms before the WTO only allow members of the Organization, and not private parties, to bring actions for breach of international trade regulations. However, SMEs in developing countries can benefit from their governments’ actions in this regard.
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