A safeguard measure in a form other than a duty or quantitative restriction (which could include measures combining duties and quantitative elements), applied to prevent or remedy serious injury from increased imports (as established in an investigation) and to facilitate adjustment.  Where the expected duration of the measure is more than one year, it must be progressively liberalized during the period of application.
Example:  A safeguard measure of two years duration is imposed on imports of dishwashers.  During the first year, a safeguard measure of $US 50 per unit will be applied to all imported dishwashers with a CIF price below $US 500 per unit.  During the second year, the safeguard measure will not apply to the first 20,000 units of imports, regardless of the prices of those units.  
 

Add Feedback