Common use of Application of Transitional RCEP Safeguard Measures Clause in Contracts

Application of Transitional RCEP Safeguard Measures. 1. If, as a result of the reduction or elimination of a customs duty under this Agreement, an originating good of another Party or Parties collectively is being imported into the territory of a Party in such increased quantities, in absolute terms or relative to domestic production, and under such conditions as to cause or threaten to cause serious injury to its domestic industry producing a like or directly competitive good, the importing Party may, to the extent necessary to prevent or remedy the serious injury to its domestic industry and to facilitate its domestic industry’s adjustment:

Appears in 4 contracts

Samples: jusmundi.com, Partnership Agreement, cil.nus.edu.sg

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