Compensations. 1. A Party applying a safeguard measure for an overall period beyond 2 years shall, in consultation with the other Party, provide mutually-agreed trade liberalizing compensation in the form of concessions having substantially equivalent trade effects or equivalent to the value of the additional duties expected to result from the measure during the period of extension of the measure beyond the aforementioned 2 years. The Party applying the safeguard measure shall provide opportunity for such consultations no later than 30 days after the decision to extend the measure. Such consultations shall take place prior to the effective date of the extension.
Appears in 4 contracts
Samples: Trade Agreement, Free Trade Agreement, Free Trade Agreement
