10

4. No product of the territory''of any contracting party imported into the territory of any other contracting party shall be subject to both anti-dumping and countervailing duties to compensate for the same situation of dumping or export subsidization; 5. No contracting party shall levy any anti-dumping or countervailing duty on the importation of any product of the territory of another contracting party unless it determines that the effect of the dumping or subsidization, as the case may be, is such as to cause or threaten material injury to an established domestic industry, or is such as to prevent or materially retard the establishment of a domestic industry. The CONTRACTING PARTIES may waive the requirements of this paragraph so as to permit a contracting party to levy an antidumping or countervailing duty on the importation of any product for the purpose of offsetting dumping or subsidization which causes or threatens material injury •to an industry in the territory of another contracting party exporting the product concerned to the territory of the importing contracting party. 6. A system for the stabilization of the domestic price or of the return. to domestic producers of a primary commodity, independently of the movements of export prices, which results at times in the sale of the .product for export at a price lower than the comparable price charged for the like product to buyers in the domestic market, shall be considered not to result in material injury'within the meaning of paragraph 5 of this Article, if it is determined by consultation among the contracting parties substantially interested in the product concerned — (a) That the system has also resulted in the sale of the product for export at a higher price than the comparable price charged for the like product to buyers in the domestic market; and (b) That the system is so Operated, either because of' the effective regulation of production or otherwise, as not to stimulate exports unduly or otherwise seriously prejudice the. interests of other contracting ; parties. . 7. No measures other than anti-dumping or countervailing duties shall be applied by any contracting party in respect of any product of the territory of any other contracting party .for the purpose of offsetting dumping or subsidization. Article VII Valuation for Customs Purposes 1. The contracting parties recognize the validity of the general principles of valuation set forth in the following paragraphs, of this Article, and they undertake to give effect to such principles, in respect of all products subject to duties or other charges or restrictions on importation and exportation based upon or regulated in any manner by value, at the earliest practicable date. Moreover, they shall, upon a request by another contracting party, review the operation of any of their laws or regulations relating to value for Customs purposes in the light of these principles. The CONTRACTING PARTIES may request from contracting parties reports on steps taken by them in pursuance of the provisions of this Article.