A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
A mechanism available under Article 5 of the WTO Agreement on Agriculture to Members who have converted non-tariff measures to tariff protection. It allows Members to impose additional duties on agricultural products if import volumes exceed defined trigger levels or import prices fall below defined trigger prices. Special safeguards therefore provide a safety net for importing countries that are also producers in the event of a surge in imports. They are meant to be introduced in a transparent manner.
Derived from: Walter Goode: Dictionary of Trade Policy Terms, Fourth Edition, (Cambridge University Press/WTO, 2003), p.323-324