Section 201

Section 201 in Global Commerce Policy

In this regard, section 201 is: a section, usually called the escape clause, of the United States Trade Act of 1974 and subsequent versions of the Act. The entries on trade policy are here. It gives American firms relief from imports that are considered causing, or threatening to cause, serious injury to an industry. The entries on trade policy are here. It applies to products that are traded fairly. The entries on trade policy are here. In other words, products are not considered subsidized or dumped. Relief may be brought about through temporary tariff increases, import quotas, negotiated restraint arrangements or direct assistance to the industry concerned. See also safeguards and voluntary restraint agreement.[1]

Section 201in the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Section 201” entry (OAS)

See Also