PROCLAMATION 7449-JUNE 8, 2001 115 STAT. 2655 E Seven yaars t/ktr entry itrlo force of this Agreement, U.S. comptnies sMI bt atiowed to estaUisI))00% U.S - owned companies to engage in trading activities in all products, subjed to restrictions bsted in Annexes B, C and D tfa Party has not acceded to the International Convention on the Hannonized Canmiodity Description and Coding System, it will undertake every reasonable effort to do so as soon as possible, but no later than one year after the entry into force of tMs Agreement. Anieie 3 Gcaemri OMigatiow with Respect to Tra<>c I The Parties shall seek to achieve a satisfactory balance of market access opportunities through the satisfactory reciprocation of reductions in tariffs and nontariffbarriers to trade in goods resulting from muHitata'al negotiuiens. 2. The Parties shal otcept as specifically provided in Anntxes B and C to this Agreement, eliminate all import and expert restrictions, quotas, licensing requtremonts, and controls for all product and service categories, other than those that would bepermitted byGATT 1994. 3. The Parties shall, within two years of the entry into force of this A^cement, limit all fees and charges of whatever character (other tYam import and export duties and other tmces within the purview of Article 2 of this Chapter) imposed on or in coimedion with importation or exportation to an amount apprexinwte to the cost of services rendered, and '* ensure that such fees and charges do not represent an indirect protection to domestic preduels or a taxation of imports or exports for fiscal purposes, 4 The Parties sheU, within two years of the entryintoforceof this Agreement, adopt a ^^stem of customs valuation based on Ac trantaciien value »f the intpeiwd mcrehandise on which duty is assessed, or of hke meFchandise, rather than on the value of merchandise of national origin or en arbitrary w fictitious values, with the trMsaction value being the price actuaUy paid or payable fm the goods u^n sold for export to the country of impenalion in accordance with the standards established in the AgreemeiM en Implewenntion of Articii VII of the GATT 1994; and 5. Witliin two years of entry mte fiorce of this Agreement, the Parties shall oisure that the feaa and charges referred to in paragraph 3 of ttes Artiete and the cactems valuation system referred to m paragrafA 4 of this Article are imposed or impleraaiited unfermiy and consistently tlvoughoiit aeeh Party's customs territery 6 In ad^icm to the obligations set fenh m Article 1, Vieutam shall provide twitrtreatment to products orifinaling in the customs territory mft^ United States in accordance vt>i»h the provieioM sf Ann«K E
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