Agreement on Safeguards (WTO SG) TradeAnalysis of WTO Agreement on Safeguards. The Sunset clause
Any member of the World Trade Organization (WTO) that needs to protect domestic industry can temporarily restrict imports of a Product that could cause a considerable harm to local manufacturers. When a government applies this type of non-tariff measures, it is applying a safeguard measure. WTO regulates this type of measures through the Agreement on Safeguards (SG Agreement).
Sample - Agreement on Safeguards (SG): The educational aims of the Subject “WTO Agreement on Safeguards (SG)” are:
The Subject “Agreement on Safeguards (SG)” is included within the curriculum of the following academic programs at EENI Global Business School: Courses: Non-tariff Measures, Foreign Trade Management.
Postgraduate Certificate in International Trade.
Masters: International Business, Foreign Trade, International Transport.
Learning materials in Trade Facilitation - Trade Facilitation Agreement - Kyoto Convention (Containers) - Convention Harmonization of Frontier Controls of Goods. The Agreement on Safeguards (SG) also prohibits grey area measures (bilateral agreements between governments) and establishes the Sunset clause. The Agreement on Safeguards (SG Agreement) is composed of fourteen articles and covers topics such as: application of safeguard measures, investigation, examination, duration of the measure, concession, surveillance or dispute settlement. A company, or a certain sector, can ask its government for the temporary application of a safeguard measure. It is important to note that the application of a safeguard measure can never go against the imports of a country. The application of a safeguard measure implies that the government that implements it must offer something in return.
Non-tariff measures:
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