Common use of Regional Value Content Clause in Contracts

Regional Value Content. 1. The Regional Value Content (RVC) criterion shall be calculated as follows: where: V is the value of the product, as defined in the Customs Valuation Agreement, adjusted on an FOB basis; and 2. The value of the non-originating materials shall be: (a) the value of the materials, as defined in the Customs Valuation Agreement, adjusted on a CIF basis; or (b) the earliest ascertained price paid or payable for the non-originating materials in a Party where the working or processing takes place. When the producer of a product 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. The value of the non-originating materials used by the producer in the production of a product shall not include, for the purposes of calculating the regional value content of the product, pursuant to paragraph 1, the value of non-originating materials used to produce originating materials that are subsequently used in the production of the product.

Regional Value Content. 1. The Regional Value Content (RVC) criterion of a good shall be calculated as follows: on the basis of following method： where: V is the value of the product, as defined in the Customs Valuation Agreement, adjusted on an FOB basis; and 2. The value of the non-originating materials shall be: (a) the value of the materials, as defined in the Customs Valuation Agreement, adjusted on a CIF basis; or (b) the earliest ascertained price paid or payable for the non-originating materials in a Party where the working or processing takes place. When the producer of a product 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. The value of the non-originating materials used by the producer in the production of a product shall not include, for the purposes of calculating the regional value content of the product, pursuant to paragraph 1, the value of non-originating materials used to produce originating materials that are subsequently used in the production of the product.

Regional Value Content. 1. The Regional Value Content (RVC) criterion shall be calculated as follows: where: V is the value of the product, as defined in the Customs Valuation Agreement, adjusted on an FOB basis; and 2. The value of the non-originating materials shall be: (a) the value of the materials, as defined in the Customs Valuation Agreement, adjusted on a CIF basis; or (b) the earliest ascertained price paid or payable for the non-originating materials in a Party where the working or processing takes place. When the producer of a product 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. The value of the non-originating materials used by the producer in the production of a product shall not include, for the purposes of calculating the regional value content of the product, pursuant to paragraph 1, the value of non-non- originating materials used to produce originating materials that are subsequently used in the production of the product.