Bilateral Safeguard Measures Sample Clauses

Bilateral 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 bilateral safeguard measures to the minimum extent necessary to remedy or prevent the injury, subject to the provisions of paragraphs 2 to 10.
AutoNDA by SimpleDocs
Bilateral Safeguard Measures. 1. Without prejudice to the provisions of Article 30, after having examined alternative solutions, a Party may apply safeguard measures of limited duration which derogate from the provisions of Articles 20 and 21, under the conditions and in accordance with the procedures laid down in this Article.
Bilateral Safeguard Measures. 1. For purposes of this Section:
Bilateral Safeguard Measures. 1. Notwithstanding any provisions of this Chapter but subject to the provisions of this Article, each Party may apply a bilateral safeguard measure, to the extent necessary to prevent or remedy the serious injury to a domestic industry of that Party and to facilitate adjustment, if an originating good of the other Party, as a result of the elimination or reduction of a customs duty in accordance with Article 19, is being imported into the former Party in such increased quantities, in absolute terms or relative to domestic production, and under such conditions that the imports of that originating good constitute a substantial cause of serious injury, or threat thereof, to the domestic industry of the former Party.
Bilateral Safeguard Measures. 1. All the substantive aspects, procedures and in general the application of the safeguard measures shall be governed by this Chapter, and Article XIX of GATT 1994, the Agreement on Safeguards and the applicable legislation for each Party as suppletory.
Bilateral Safeguard Measures. Article 51
Bilateral Safeguard Measures. 1. Each Party may apply a safeguard measure to an originatinggood of the other Party in accordance with Article XIX of theGATT 1994 and the Agreement on Safeguards in Annex 1A to theWTO Agreement (hereinafter referred to in this Article as "theAgreement on Safeguards"), or Article 5 of the Agreement onAgriculture in Annex 1A to the WTO Agreement (hereinafterreferred to in this Article as "Agreement on Agriculture"). Anyaction taken pursuant to Article XIX of the GATT 1994 and theAgreement on Safeguards, or Article 5 of the Agreement onAgriculture shall not be subject to Chapter 13 of thisAgreement. 2. Each Party shall be free to apply a bilateral safeguardmeasure, to the minimum extent necessary to prevent or remedythe serious injury to a domestic industry of that Party and tofacilitate adjustment, if as an effect of the obligationsincurred by that Party under this Agreement, including tariffconcessions, or if as a result of unforeseen developments andof the effects of the obligations incurred by that Party underthis Agreement, an originating good of the other Party is beingimported in such increased quantities, in absolute terms orrelative to domestic production, and under such conditions asto cause or threaten to cause serious injury to the domesticindustry of the former Party that produces like or directlycompetitive goods in the former Party. 3. A Party shall not apply a bilateral safeguard measure xxxx originating good imported up to the limit of quota quantities granted under tariff rate quotas applied in accordance with its Schedule in Annex 1. 4. A Party applying a bilateral safeguard measure may: (a) suspend the further reduction of any customs duty onthe originating good of the other Party provided forunder this Chapter; or (b) increase the customs duty on the originating good ofthe other Party to a level not to exceed the lesserof: (i) the most-favored-nation applied rate on the xxxxxx effect on the day when the bilateral safeguardmeasure is applied; and (ii) the most-favored-nation applied rate on the xxxxxx effect on the day immediately preceding thedate of entry into force of this Agreement. 5. (a) A Party may apply a bilateral safeguard measure only after an investigation has been carried out by thecompetent authorities of that Party in accordance with the same procedures as those provided for in Article3 and paragraph 2 of Article 4 of the Agreement onSafeguards. (b) The investigation referred to in subparagraph (a)shall be completed within...
AutoNDA by SimpleDocs
Bilateral Safeguard Measures. Article 66
Bilateral Safeguard Measures. 1. Subject to the provisions of this Article, if an originating good of the other Country, as a result of the elimination or reduction of a customs duty in accordance with Article 19, is being imported into the territory of a Country in such increased quantities, in absolute terms or relative to domestic production, and under such conditions that the imports of that originating good constitute a substantial cause of serious injury, or threat thereof, to a domestic industry of the latter Country, the latter Country may, as a bilateral safeguard measure, to the minimum extent necessary to prevent or remedy the serious injury and to facilitate adjustment:
Bilateral Safeguard Measures. 1. Subject to the provisions of this Article, each Party may, as a bilateral safeguard measure, to the minimum extent necessary to prevent or remedy the serious injury to a domestic industry of that Party and to facilitate adjustment:
Time is Money Join Law Insider Premium to draft better contracts faster.