Safeguard Period Pdf For Free

Safeguard measures can take various forms, including increased duties, quantitative restrictions, and others (e.g., tariff-rate quotas (TRQs), price-based measures or special levies).

Article 11: Prohibition and Elimination of Certain Measures (a) A Member shall not take or seek any emergency action on imports of particular products as set forth in Article XIX of GATT 1994 unless such action conforms with the provisions of that Article applied in ance with this Agreement.

No prohibitions or restrictions other than duties, taxes or other charges, whether made effective through quotas, import or export licences or other measures, shall be instituted or maintained by any contracting party on the importation of any product of the territory of any other contracting party or on the ...

A developing country Member shall have the right to extend the period of application of a safeguard measure for a period of up to two years beyond the maximum period provided for in paragraph 3 of Article 7.

A WTO member may take a ?safeguard? action (i.e., restrict imports of a product temporarily) under the WTO Agreement on Safeguards to protect a specific domestic industry from an increase in imports of any product which is causing, or which is threatening to cause, serious injury to the industry.

Article XIX, commonly known as the "escape clause," authorizes a con- tracting party to withdraw concessions temporarily on specific products if, as a result of unforeseen developments, imports of those products are increasing rapidly and injuring the domestic industry.

The maximum duration of any safeguard measure is four years, unless it is extended consistent with the Agreement's provisions. In particular, a measure may be extended only if its continuation is found to be necessary to prevent or remedy serious injury, and only if evidence shows that the industry is adjusting.