Common use of Application of Bilateral Safeguard Measures Clause in Contracts

Application of Bilateral Safeguard Measures. 1. Subject to the provisions of this Section, during the transition period, each Party may apply a bilateral safeguard measure, to the minimum extent necessary to prevent or remedy the serious injury to a domestic industry of that Party and to facilitate adjustment, if an originating good of the other Party, as a result of the elimination or reduction of a customs duty in accordance with Article 2.4, is being imported into the former Party in such increased quantities, in absolute terms or relative to domestic production, and under such conditions that the imports of that originating good constitute a substantial cause of serious injury or threat thereof, to the domestic industry of the former Party. 2. A Party may, as a bilateral safeguard measure: (a) suspend the further reduction of any rate of customs duty on the originating good provided for in this Chapter; or (b) increase the rate of customs duty on the originating good to a level not to exceed the lesser of: (i) the most-favoured-nation applied rate of customs duty in effect at the time when the bilateral safeguard measure is applied; and (ii) the most-favoured-nation applied rate of customs duty in effect on the day immediately preceding the date of entry into force of this Agreement.

Application of Bilateral Safeguard Measures. 1. Subject to the provisions of this Section, during the transition period, each a Party may apply a bilateral safeguard measure, to the minimum extent necessary to prevent or remedy the serious injury to a its domestic industry of that Party and to facilitate adjustmentadjustment thereof, if an originating good of the other Party, as a result of the elimination or reduction of a customs duty in accordance with Article 2.4, is being imported into the former Party in such increased quantities, in absolute terms or relative to domestic production, and under such conditions that the imports of that originating good constitute a substantial cause of serious injury injury, or threat thereofof serious injury, to the a domestic industry of the former Party. 2. A Party may, as a bilateral safeguard measure: (a) suspend the further reduction of any rate of customs duty on the originating good provided for in this Chapter; or (b) increase the rate of customs duty on the originating good to a level not to exceed the lesser of: (i) the most-favouredfavored-nation applied rate of customs duty in effect at on the time day when the bilateral safeguard measure is applied; and (ii) the most-favouredfavored-nation applied rate of customs duty in effect on the day immediately preceding the date of entry into force of this Agreement.

Application of Bilateral Safeguard Measures. 1. Subject to the provisions of this Section, during the transition period, each a Party may apply a bilateral safeguard measure, to the minimum extent necessary to prevent or remedy the serious injury to a its domestic industry of that Party and to facilitate adjustmentadjustment thereof, if an originating good of the other Party, as a result of the elimination or reduction of a customs duty in accordance with Article 2.4, is being imported into the former Party in such increased quantities, in absolute terms or relative to domestic production, and under such conditions that the imports of that originating good constitute a substantial cause of serious injury injury, or threat thereofof serious injury, to the a domestic industry of the former Party. 2. A Party may, as a bilateral safeguard measure: : (a) suspend the further reduction of any rate of customs duty on the originating good provided for in this Chapter; or or (b) increase the rate of customs duty on the originating good to a level not to exceed the lesser of: : (i) the most-favouredfavored-nation applied rate of customs duty in effect at on the time day when the bilateral safeguard measure is applied; and and (ii) the most-favouredfavored-nation applied rate of customs duty in effect on the day immediately preceding the date of entry into force of this Agreement.

Application of Bilateral Safeguard Measures. 1. Subject to the provisions of this Section, during the transition period, each Party may apply a bilateral safeguard measure, to the minimum extent necessary to prevent or remedy the serious injury to a domestic industry of that Party and to facilitate adjustment, if an originating good of the other Party, as a result of the elimination or reduction of a customs duty in accordance with Article 2.4, is being imported into the former Party in such increased quantities, in absolute terms or relative to domestic production, and under such conditions that the imports of that originating good constitute a substantial cause of serious injury or threat thereof, to the domestic industry of the former Party. 2. A Party may, as a bilateral safeguard measure: (a) suspend the further reduction of any rate of customs duty on the originating good provided for in this Chapter; or (b) increase the rate of customs duty on the originating good to a level not to exceed the lesser of: (i) the most-favoured-nation applied rate of customs duty in effect at the time when the bilateral safeguard measure is applied; and (ii) the most-favoured-nation applied rate of customs duty in effect on the day immediately preceding the date of entry into force of this Agreement.