Common use of Bilateral safeguards Clause in Contracts

Bilateral safeguards. 1. After having examined alternative solutions, a Party may apply safeguard measures of limited duration which derogate from Articles 10 and 11 under the conditions and in accordance with the procedures laid down in this Article. 2. Safeguard measures referred to in paragraph 1 may be taken where a product originating in one Party is being imported into the territory of the other Party in such increased quantities and under such conditions as to cause or threaten to cause: (a) serious injury to the domestic industry producing like or directly competitive products in the territory of the importing Party; (b) disturbances in a sector of the economy, particularly where those disturbances produce major social problems, or difficulties which could bring about a serious deterioration in the economic situation of the importing Party; or (c) disturbances in the markets of like or directly competitive agricultural products1 or in the mechanisms regulating those markets. 3. Safeguard measures referred to in this Article shall not exceed what is necessary to remedy or prevent the serious injury or disturbances, as defined in paragraphs 2 and 5(b). The safeguard measures of the importing Party may only consist of one or more of the following: (a) the suspension of the further reduction of the rate of import duty for the product concerned, as provided for under this Agreement; (b) an increase in the customs duty on the product concerned up to a level which does not exceed the customs duty applied to other WTO members; and (c) the introduction of tariff quotas on the product concerned.

Bilateral safeguards. 1. After having examined alternative solutions, a Party may apply safeguard measures of limited duration which derogate from Articles the provisions of Article 10 and 11 under the conditions and in accordance with the procedures laid down in this Article. 2. Safeguard measures referred to in paragraph 1 may be taken where a product originating in one Party is being imported into the territory of the other Party in such increased quantities and under such conditions as to cause or threaten to cause: (a) serious injury to the domestic industry producing like or directly competitive products in the territory of the importing Party, or; (b) disturbances in a sector of the economy, particularly where those these disturbances produce major social problems, or difficulties which could bring about a serious deterioration in the economic situation of the importing Party; , or; (c) disturbances in the markets of like or directly competitive agricultural products1 products0 or in the mechanisms regulating those markets. 3. Safeguard measures referred to in this Article shall not exceed what is necessary to remedy or prevent the serious injury or disturbances, as defined in paragraphs 2 and 5(b). The safeguard measures of the importing Party may only consist of one or more of the following: (a) the suspension of the further reduction of the rate of import duty for the product concerned, as provided for under this Agreement;, (b) an increase in the customs duty on the product concerned up to a level which does not exceed the customs duty applied to other WTO members; Members, and (c) the introduction of tariff quotas on the product concerned.

Bilateral safeguards. 1. After having examined alternative solutions, a Party may apply safeguard measures of limited duration which derogate from Articles the provisions of Article 10 and 11 under the conditions and in accordance with the procedures laid down in this Article. 2. Safeguard measures referred to in paragraph 1 may be taken where a product originating in one Party is being imported into the territory of the other Party in such increased quantities and under such conditions as to cause or threaten to cause: (a) serious injury to the domestic industry producing like or directly competitive products in the territory of the importing Party, or; (b) disturbances in a sector of the economy, particularly where those these disturbances produce major social problems, or difficulties which could bring about a serious deterioration in the economic situation of the importing Party; , or; (c) disturbances in the markets of like or directly competitive agricultural products1 or in the mechanisms regulating those markets. 3. Safeguard measures referred to in this Article shall not exceed what is necessary to remedy or prevent the serious injury or disturbances, as defined in paragraphs 2 and 5(b). The safeguard measures of the importing Party may only consist of one or more of the following: (a) the suspension of the further reduction of the rate of import duty for the product concerned, as provided for under this Agreement;, (b) an increase in the customs duty on the product concerned up to a level which does not exceed the customs duty applied to other WTO members; Members, and (c) the introduction of tariff quotas on the product concerned.