Also known as: Safeguard, Emergency trade measure
A temporary import restriction on a product when a sudden increase causes or threatens serious injury to the domestic industry producing similar or directly competitive goods.
A safeguard measure is a trade defense instrument allowing a country to temporarily restrict imports of a product when a sudden increase causes or threatens serious injury to domestic production. Unlike countervailing duties that combat unfair practices, safeguards apply to imports that are not unfair but whose volume endangers the domestic industry. They are governed by the WTO Agreement on Safeguards.
Safeguard Measure
A temporary trade protection measure that allows a country to restrict imports of a product when a sudden increase causes serious injury to domestic industry.
TariffsCountervailing Duty
An additional duty levied on imported goods that are subject to dumping or foreign government subsidies, designed to protect domestic industry from unfair trade practices.
TariffsAntidumping Measure
An additional duty imposed on imports sold below their normal value in the home market to counteract the unfair trade practice of dumping.
TariffsTariff-Rate Quota (TRQ)
A quota or determined volume of goods that can be imported at a reduced preferential tariff; once the quota is exhausted, additional imports pay the higher general tariff.