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.

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.