DECISION 2.1

MEANING OF THE WORD "UNDERTAKEN" USED IN ARTICLE 8.1 ( B) (IV) OF THE AGREEMENT.

During its Sixth Meeting held on 3 March 1983, the Committee on Customs Valuation agreed that in the context of Article 8.1 (b) (iv) of the Agreement the English word "undertaken" is to be understood as meaning "carried out". It noted that the French and Spain versions of the Agreement were not affected.