Foreign price reference system

status:
No progress
Published:
 In the previous revision, if the maximum price, when there are three or more foreign prices, exceeds 1.6 times the arithmetic average of the other prices, the maximum price was considered to be equivalent to 1.6 times the arithmetic average of the other prices (1.8 times before the revision).

Recommendations

  • Japan shall continue to abolish the foreign price recalculation system. As an alternative in cases where it is difficult to abolish, a calculation method that considers the share rate in Japan in foreign prices is requested. The EBC requests that the continued construction of systems that take exchange rate fluctuation risks into account while maintaining a comparative level.