Episode Details
Back to Episodes
How One Customs Valuation Rule Reshaped Global Trade
Season 2
Episode 60
Published 3 weeks ago
Description
Episode 60 of Global Trade with Fexingo dives into a technical but powerful trade rule: customs valuation. Specifically, the 'transaction value' method that determines how imports are priced for tariff calculation. Lucas and Luna explore a landmark 2023 WTO dispute between India and the European Union over solar panel imports, where India's use of a 'reference price' instead of actual transaction prices was ruled inconsistent with WTO rules. They explain why the valuation method matters for billions in trade, how it can be used as a hidden barrier, and what the ruling means for developing countries trying to enforce anti-dumping duties. A concrete look at how a seemingly dry customs procedure shapes global supply chains.