One of such terms is the requirement for “prevailing global market prices” to be used for our natural resources. To correct mispricing however and ensure arm’s length transactions, prevailing market prices are used to ensure fairness and transparency in transfer pricing. The thrust of my argument however, is in “prevailing market prices”. (2) Who determines prevailing market prices? Prevailing market prices are therefore the prices that these concessionaires communicate to the world.

Source: Daily Observer April 02, 2018 23:15 UTC