Common use of Standards for a Bilateral Safeguard Measure Clause in Contracts

Standards for a Bilateral Safeguard Measure. 1. A Party may apply a safeguard measure for an initial period of no longer than 2 years. The period of a safeguard measure may be extended for a period not exceeding 1 year provided that the competent authorities of the importing Party have determined, in accordance with the procedures set out in Article 69, that the continued application of the measure is necessary to prevent or remedy serious injury and that the industry is adjusting. Regardless of its duration, a safeguard measure shall terminate at the end of the transition period. No new safeguard measure may be applied to a product after that date.

Standards for a Bilateral Safeguard Measure. 1. A Party may apply shall maintain a bilateral safeguard measure only for an initial such period of no longer than 2 years. The period of a safeguard measure time as may be extended for a period not exceeding 1 year provided that the competent authorities of the importing Party have determined, in accordance with the procedures set out in Article 69, that the continued application of the measure is necessary to prevent or remedy serious injury and to facilitate adjustment. That period shall not exceed two (2) years, except that the industry is adjusting. Regardless period may be extended by up to one (1) year if the investigating authority of its durationthe Party that applies the measure determines, a in conformity with the procedures set out in Article 3.16 (Investigation Procedures and Transparency Requirements), that the bilateral safeguard measure shall terminate at the end of the transition period. No new safeguard measure may continues to be applied necessary to a product after that dateprevent or remedy serious injury and to facilitate adjustment.