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

Standards for a Bilateral Safeguard Measure. 1. Bilateral safeguard measures shall only be taken during the transition period, which shall be a period of five years beginning on the date of entry into force of this Agreement. In the case of a product where the liberalisation process as set out in Annex I lasts five or more years, the transition period shall be extended to the date on which such a product reaches zero-tariff according to the Schedule in that Annex plus three years. 2. Bilateral safeguard measures shall in principle be limited to a period of two years; they may be extended for another year. Regardless of its duration, a bilateral safeguard measure shall terminate no later than at the end of the transition period for the product concerned. 3. A Party shall not apply a bilateral safeguard measure again on a product which has been subject to such a measure for a period of time equal to that during which such a measure had been previously applied, provided that the period of nonapplication is at least two years. However, no bilateral safeguard measure may be applied more than twice on the same product. 4. Upon the termination of the bilateral safeguard measure, the rate of customs duty shall be the rate which would have been in effect but for the measure.

Standards for a Bilateral Safeguard Measure. 1. Bilateral safeguard measures shall only be taken during the transition period, which shall be a period of five years beginning on the date of entry into force of this Agreement. In the case of a product where the liberalisation process as set out in Annex I lasts five or more years, the transition period shall be extended to the date on which such a product reaches zero-zero tariff according to the Schedule in that Annex plus three years. 2. Bilateral safeguard measures shall in principle be limited to a period of two years; years; they may be extended for another year. Regardless of its duration, a bilateral safeguard measure shall terminate no later than at the end of the transition period for the product concerned. 3. A Party shall not apply a bilateral safeguard measure again on a product which has been subject to such a measure for a period of time equal to that during which such a measure had been previously applied, provided that the period of nonapplication non-application is at least two years. However, no bilateral safeguard measure may be applied more than twice on the same product. 4. Upon the termination of the bilateral safeguard measure, the rate of customs duty shall be the rate which would have been in effect but for the measure.

Standards for a Bilateral Safeguard Measure. 1. Bilateral safeguard measures shall only be taken during the transition period, which shall be a period of five years beginning on the date of entry into force of this Agreement. In the case of a product where the liberalisation process as set out in Annex I lasts five or more years, the transition period shall be extended to the date on which such a product reaches zero-zero tariff according to the Schedule in that Annex plus three years. 2. Bilateral safeguard measures shall in principle be limited to a period of two years; they may be extended for another year. Regardless of its duration, a bilateral safeguard measure shall terminate no later than at the end of the transition period for the product concerned. 3. A Party shall not apply a bilateral safeguard measure again on a product which has been subject to such a measure for a period of time equal to that during which such a measure had been previously applied, provided that the period of nonapplication non­application is at least two years. However, no bilateral safeguard measure may be applied more than twice on the same product. 4. Upon the termination of the bilateral safeguard measure, the rate of customs duty shall be the rate which would have been in effect but for the measure.