Calculation of Regional Value Content. 1. For the purposes of Article 4 (Goods Not Wholly Produced or Obtained), the formula for calculating the regional value content will be either: (a) Direct Formula Labour Overhead + Cost + Cost FOB + Profit + Other Costs x 100% or (b) Indirect/Build-Down Formula FOB - Value of Non- Originating Materials x 100 % where: (a) AANZFTA Material Cost is the value of originating materials, parts or produce that are acquired or self-produced by the producer in the production of the good; (b) Labour Cost includes wages, remuneration and other employee benefits; (c) Overhead Cost is the total overhead expense; (d) Other Costs are the costs incurred in placing the good in the ship or other means of transport for export including, but not limited to, domestic transport costs, storage and warehousing, port handling, brokerage fees and service charges; (e) FOB is the free-on-board value of the goods as defined in Article 1 (Definitions); and
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Samples: Asean Australia New Zealand Free Trade Agreement, Free Trade Agreement, Asean Australia New Zealand Free Trade Agreement
