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In international trade law, a safeguard is a restraint to protect home or national industries from foreign competition.In the World Trade Organization (WTO), a member may take a safeguard action, such as restricting imports of a product temporarily to protect a domestic industry from an increase in imports causing or threatening to cause injury to domestic production.
Argentina — Safeguard Measures on Imports of Footwear or Argentina — Footwear (EC) [1] or WT/DS121 is a WTO Dispute Settlement case that was initiated by a complaint made by the European Communities against Argentina. [2] The decision in this case was based on "parallelism" and represents the first deployment of that concept. [3] [4] [5]
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The WTO has been trying for years to fix its dispute settlement system, which was rendered inoperative in 2019 after the U.S. blocked Appellate Body judge appointments over what it saw as judicial ...
The American economists Harry Dexter White (left) and John Maynard Keynes (right) at the Bretton Woods Conference in New Hampshire [27]. The WTO precursor, General Agreement on Tariffs and Trade (GATT), was established by a multilateral treaty of 23 countries in 1947 after the end of World War II, in the wake of other new multilateral institutions dedicated to international economic ...
China on Thursday said it was adding dozens of American companies to its export control list to "safeguard national security and interests." China's Ministry of Commerce said it would impose ...
Technical barriers to trade (TBTs), a category of nontariff barriers to trade, are the widely divergent measures that countries use to regulate markets, protect their consumers, or preserve their natural resources (among other objectives), but they also can be used (or perceived by foreign countries) to discriminate against imports in order to protect domestic industries.
A former WTO Director-General characterized the WTO dispute settlement system as "the most active international adjudicative mechanism in the world today." [ 3 ] Chad P. Bown of the Peterson Institute for International Economics and Petros Mavroidis of Columbia Law School remarked on the 20th anniversary of the dispute settlement system that ...