Common use of Imposition of a Safeguard Measure Clause in Contracts

Imposition of a Safeguard Measure. If, as a result of the reduction or elimination of a customs duty under this Agreement, an originating good of another Party or Parties is being imported into the territory of a Party during the transitional safeguard period for that good 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 a domestic industry that produces like or directly competitive goods, that Party may:

Imposition of a Safeguard Measure. If1. A Party may impose a safeguard measure described in paragraph 2, during the transition period only, if as a result of the reduction or elimination of a customs duty under pursuant to this Agreement, an Agreement,1 a good originating good in the territory of another the other Party or Parties is being imported into the Party’s territory of a Party during the transitional safeguard period for that good in such increased quantities, in absolute terms or relative to domestic production, and under such conditions as to constitute a substantial cause of serious injury, or threaten to cause serious injury threat thereof, to a domestic industry that produces producing a like or directly competitive goods, that Party may:good.

Imposition of a Safeguard Measure. IfDuring the transition period, if as a result of the reduction or elimination of a customs duty under this Agreement, an originating good of another the other Party or Parties is being imported into the territory of a Party during the transitional safeguard period for that good in such increased quantities, in absolute terms or relative to domestic production, and under such conditions as to that the imports of such originating good from the other Party constitute a substantial cause of serious injury, or threaten to cause serious injury threat thereof, to a domestic industry that produces producing a like or directly competitive goodsgood, that Party may: