Common use of Transitional Safeguard Measures Clause in Contracts

Transitional Safeguard Measures. Definitions 1. For the purposes of this Article: (a) domestic industry means, with respect to an imported good, the producers as a whole of the like or directly competitive good operating within the territory of a Party, or those producers whose collective production of the like or directly competitive good constitutes a major proportion of the total domestic production of that good; (b) transitional safeguard measure means a measure described in paragraphs 2 to 4 (Imposition of a Transitional Safeguard Measure); (c) serious injury means a significant overall impairment in the position of a domestic industry; (d) 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; and (e) transition period means, in relation to a particular good, the three-year period beginning on the date of entry into force of this Agreement, except where the tariff elimination for the good occurs over a longer period of time, in which case the transition period shall be the period of the staged tariff elimination for that good.