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10 - The Safeguards Agreement – An Overview

Published online by Cambridge University Press:  03 May 2010

By
Jasper M. Wauters ,
Marco Bronckers  and
Kamal Saggi
Edited by
Kyle W. Bagwell ,
George A. Bermann  and
Petros C. Mavroidis
Kyle W. Bagwell
Affiliation:
Stanford University, California
George A. Bermann
Affiliation:
Columbia University, New York
Petros C. Mavroidis
Affiliation:
Columbia University, New York
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Summary

Introduction

The Agreement on Safeguards (the Safeguards Agreement or SA) establishes rules for the application of safeguard measures, a term understood to mean those measures provided for in Article XIX of the General Agreement on Tariffs and Trade (GATT), entitled “Emergency Action on Imports of Particular Products.” Although the World Trade Organization (WTO) SA was an agreement that did not exist in the form of a plurilateral code prior to the conclusion of the Uruguay Round, it is thus nevertheless clearly rooted in the GATT system and in Article XIX of the GATT in particular. More than with any other of the WTO's Agreements, it is the relationship between the new WTO Agreement on Safeguards and the original “safeguard” provision in the GATT that proved to be problematic.

In this chapter, first, safeguard measures are discussed in the larger context of the WTO system in general and WTO trade remedies in particular. Second, the conditions for the imposition of safeguard measures will be examined. Third, the chapter addresses the application of safeguard measures in place and time, and distinguishes between the various types of measures that may be imposed as a safeguard. Some conclusions are formulated at the end.

Safeguards in the WTO Context

Safeguards as a Trade Remedy

A safeguard measure is a unilateral way of providing additional protection to the domestic industry. In that respect, safeguards are akin to other forms of contingent trade protection, such as antidumping (AD) and countervailing measures (CVMs).

Type
Chapter
Information
Law and Economics of Contingent Protection in International Trade , pp. 334 - 378
Publisher: Cambridge University Press
Print publication year: 2009

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References

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