S.R.O. 1286(I)/2005, dated 24th December, 2005

SROS: S.R.O. 1286(I)/2005, dated 24th December, 2005 S.R.O. 1286(I)/2005, dated 24th December, 2005:- In pursuance of the Free Trade Agreement(FTA) between the Islamic Republic of Pakistan and the Peoples Republic of China, the Federal Government is pleased to make the following rules, namely:- 1. Short title, commencement.-(1) These rules may be called the China-Pakistan Free Trade Area Rules of Origin, 2005. (2) They shall come into force with effect from 1st January, 2006. 2. Application.-These rules shall apply to products consigned from the territory of either of the Contracting Parties. 3. Definitions.-For the purposes of these Rules:-- (a) a Party means the Islamic Republic of Pakistan(Pakistan) or the Peoples RepublL of n iina(China). (b) CIF value means the price actually paid or payable to the exporter for the goods when the goods is unloaded from the carrier, at the p 1 of importation. The value includes the cost of the goods, insurance and freight necessary to deliver the goods to the named port of destination. (c) Customs Valuation Agreement means the WTO Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade 1994. (d) FOB value means the price actually paid or payable to the exporter for the goods when the goods is loaded into the carrier at the named port of exportation. The value includes the cost of the goods and all costs necessary to bring the goods into the…