Safeguard measures are defined as “emergency” actions to address serious injury to the importing Member’s domestic industry for a particular product. Safeguard duties give domestic producers a period of grace to become more competitive vis-à-vis imports, when imports of a particular product suddenly increase to a point that they cause or threaten to cause serious injury to domestic producers of like or directly competitive products, a safeguard duty is used as temporary relief.
The Safeguard duties are applicable against all the countries with uniform rate of duty unlike the anti-dumping duties. Safeguard Measures are applicable on all imports of the like article or directly competitive article from all the countries. However, the safeguard duty is applicable to only those developing countries where the imports are more than 3%, provided that developing country members with less than 3% share collectively account for not more than 9% of the total imports of the product under consideration. To know more please read the attached briefings.
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