Restrictions to Safeguard the Balance of Payments. 1. Notwithstanding the provisions of paragraph 1 of Article XI, any contracting party, in order to safeguard its external financial position and its balance of payments, may restrict the quantity or value of merchandise permitted to be imported, subject to the provisions of the following paragraphs of this Article.
Appears in 10 contracts
Samples: General Agreement on Tariffs and Trade, General Agreement, General Agreement