Special Safeguards

Special safeguards in Global Commerce Policy

In this regard, special safeguards is: a mechanism available under the WTO Agreement on Agriculture to members who have converted non-tariff measures to tariff protection. The entries on trade policy are here. It allows members to impose additional tariffs on agricultural products if import volumes exceed defined trigger levels or import prices fall below defined trigger prices. Special safeguards therefore provide a safety net for importing countries that are also producers in the event of a surge in imports. They are meant to be introduced in a transparent manner. See also safeguards, selectivity, tariffication and transitional safeguards.[1]

Special safeguardsin the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “Special safeguards” entry (OAS)

See Also