Regional Value Content. Where Annex 3A refers to a regional value content, each Party shall provide that the regional value content of a good shall be calculated on the basis of one of the following methods: (a) Build-down Method RVC = AV - VNM x 100 AV where RVC is the regional value content, expressed as a percentage; AV is the adjusted value, and VNM is the value of non-originating materials that are acquired and used by the producer in the production of the good. (b) Build-up Method RVC = VOM x 100 AV where RVC is the regional value content, expressed as a percentage; AV is the adjusted value; and VOM is the value of originating materials that are acquired or self-produced, and used by the producer in the production of the good.
Appears in 12 contracts
Samples: Rules of Origin Agreement, Free Trade Agreement, Free Trade Agreement
Regional Value Content. Where Annex 3A refers to a regional value content, each Party shall provide that the regional value content of a good shall be calculated on the basis of one of the following methods:
(a) Build-down Method RVC = AV-VNM/AV - VNM x 100 AV where RVC is the regional value content, expressed as a percentage; AV is the adjusted value, and VNM is the value of non-originating materials that are acquired and used by the producer in the production of the good.
(b) Build-up Method RVC = VOM VOM/AV x 100 AV where RVC is the regional value content, expressed as a percentage; AV _ is the adjusted value; and VOM is the value of originating materials that are acquired or self-produced, and used by the producer in the production of the good.
Appears in 1 contract
Samples: Free Trade Agreement
Regional Value Content. Where Annex 3A refers to a regional value content, each Party shall provide that the regional value content of a good shall be calculated on the basis of one of the following methods:
(a) Build-down Method RVC = AV - VNM x 100 AV where RVC is the regional value content, expressed as a percentage; AV is the adjusted value, and VNM is the value of non-originating materials that are acquired and used by the producer in the production of the good.
(b) Build-up Method RVC = VOM x 100 AV where RVC is the regional value content, expressed as a percentage; AV is the adjusted value; and VOM is the value of originating materials that are acquired or self-produced, and used by the producer in the production of the good.
Appears in 1 contract
Samples: Rules of Origin Agreement
