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TPD > FTAA > Canada Proposals 2000 > Positions |
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Canada's
Proposals for the FTAA Agreement
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March 1999 SAFEGUARDS In the WTO context, safeguards are intended as temporary trade measures applied by a Government on an emergency basis against increased imports of a particular good that are causing or threatening to cause serious injury to its domestic industry producing like or directly competitive products. In the case of regional trade agreements, Aspecial safeguards measures are designed to respond to injury as a result of the implementation of tariff reductions in the Agreement. The remedy is normally limited to restoring the tariff rate up to the starting rate of the tariff elimination. Parties retain their WTO rights. Regional Trade Agreements do not, a priori, require a special safeguard mechanism as the parties can agree to rely on their rights/obligations under Article XIX of the GATT 1994 as elaborated in the WTO Agreement on Safeguards. It would be premature to engage in a substantive discussion of this issue until the modalities for tariff elimination have been further considered. |
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Source:
Canadian Department of Foreign Affairs and International Trade |
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