Common Contracts
1 similar Economic Partnership Agreement (Epa) contracts
There are no translations available.Economic Partnership Agreement (Epa) • November 30th, 2024
A clause that is present in all the Economic Partnership Agreement (EPAs) concluded by the EU is the one on the measures of trade defence. Such Agreements offer each Party the possibility to activate antidumping and countervailing duties, as well as safeguard measures, to protect their local industries against unfair practices. Safeguard measures, in particular, can consist of temporary quantitative import restrictions (trade quotas) or of duty increases and are actionable in cases where a surge in imports of the counterpart’s products provokes a perturbation of local markets. These measures, although actionable only in exceptional circumstances, offer therefore protection to each EPA party from cases where imports from their counterpart grow too quickly in their respective markets, posing a threat for their domestic productions.
