whereas fishing activities by distant water fleets, whether operating in the waters of third countries, in areas regulated by a regional fisheries organisation (RFO) or in unregulated areas on the high seas, should take place in a rational and responsible manner, in accordance with the United Nations (UN) Convention on the Law of the Sea, the UN Agreement for the Implementation of the Provisions of that Convention relating to the Conservation and Management of Straddling Fish Stocks and Highly Migratory Fish Stocks, and the FAO Code of Conduct for Responsible Fisheries; and whereas both the UN Fish Stocks Agreement and the FAO Code of C ...[+++]onduct require the application of the precautionary principle,

Net exports of goods under merchanting represent the difference between sales over purchases of goods for merchanting. This item includes merchants’ margins, holding gains and losses, and changes in inventories of goods under merchanting.

‘Production value’ shall mean turnover, including subsidies directly linked to the price of the product, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale.

- does not maintain at his own cost or risk stocks of the contract goods, including the costs of financing the stocks and the costs of loss of stocks and can return unsold goods to the principal without charge, unless the agent is liable for fault (for example, by failing to comply with reasonable security measures to avoid loss of stocks);

7.38. Inventories of materials and supplies are valued at purchasers' prices, and inventories of finished goods and work in progress are valued at basic prices.

(e) the purchase of goods for resale in unaltered state;