Insufficient operations
Insufficient operations: a term used in the administration of rules of origin to signify that a product imported from one party to a free-trade agreement does not qualify for the preferential customs rate because it has undergone little transformation in that party. The free-trade agreement between Japan and Singapore, for example, describes as insufficient operations: (a) preservation of products in good condition during transport and storage, (b) changes of packaging, (c) affixing marks or labels on the products or their packaging, (d) disassembly, (e) placing in bottles, cases or boxes, and other simple packaging operations, (f) simple cutting, (g) simple mixing, (h) simple assembly of parts to form a complete product, (i) simple making up of sets of articles, and (j) any combination of these operations. See also minimum operations. Integrated Framework for Trade-Related Technical Assistance to Least Developed Countries: adopted in 1998 to improve the trade- related benefits available to least developed countries from the WTO and five other multilateral agencies (IMF, International Trade Centre WTO-UNCTAD, UNCTAD and the United Nations Development Program). See also Doha Development Agenda Global Trust Fund.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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