Regional Value Content. 1. Where Annex 5 refers to a Regional Value Content (“RVC”), the RVC shall be calculated as follows: RVC = x 100 where: 2. The value of the non-originating materials shall be: (a) the CIF value at the time of importation of the material; or (b) the earliest ascertained price paid or payable for the non-originating materials in the territory of the Party where the working or processing takes place. When the producer of a good acquires non- originating materials within that Party the value of such materials shall not include freight, insurance, packing costs, and any other costs incurred in transporting the material from the supplier’s warehouse to the producer’s location. 3. Both the FOB and CIF values referred to above shall be determined pursuant to the Customs Valuation Agreement.
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Samples: Free Trade Agreement, Free Trade Agreement, Free Trade Agreement
