Transitional Safeguard Measures. 1. Where, as a result of the reduction or elimination of a customs duty under this Agreement, any product originating in a Party is being imported into the territory of another Party 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 threat thereof to the domestic industry of like or directly competitive products in the territory of the importing Party, the importing Party may take transitional safeguard measures to the minimum extent necessary to remedy or prevent the injury, subject to paragraphs 2 to 9.
Transitional Safeguard Measures. 1. Notwithstanding the provisions of Article 24, exceptional measures of limited duration which derogate from the provisions of Articles 12 and 15 may be taken by South Africa in the form of an increase or reintroduction of customs duties.
Transitional Safeguard Measures. ARTICLE 502
Transitional Safeguard Measures. Definitions
Transitional Safeguard Measures. 1. For the purposes of this Article: Domestic industry means, with respect to an imported product, the producers as a whole of the like or directly competitive product operating within the territory of a Party, or those producers whose collective production of the like or directly competitive product constitutes a major proportion of the total domestic production of that product; Provisional measure means a provisional bilateral safeguard measure described in Paragraph 12; Serious injury means a significant overall impairment in the position of a domestic industry; Threat of serious injury means serious injury that, on the basis of facts and not merely on allegation, conjecture or remote possibility, is clearly imminent; Transition period, in relation to a particular product, means the period from the entry into force of this Agreement until two years after the date on which the elimination or reduction of the customs duties on that product is completed in accordance with the Party’s schedule of tariff commitments in Annex 2-1A and 2-1B, which shall not exceed 7 years starting from the date of entry into force of the Agreement in any circumstances; Transitional safeguard measure means a transitional bilateral safeguard measure described in Paragraph 2.
Transitional Safeguard Measures. 70. Article 6 prescribed the conditions and procedures under which new restrictions on textile products covered by the ATC might be imposed. It provided, inter alia, that such restrictions should be applied as sparingly as possible. They should be applied consistently with the provisions of Article 6 and the principle of effective implementation of the integration process. Furthermore that they may be applied only when it could be demonstrated that increased imports of the particular product caused serious damage or actual threat of serious damage to the domestic industry producing like and/or directly competitive products. Experience of last four years
