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Business Guide to the World Trading System

image of Business Guide to the World Trading System
This publication is a sequel to the highly successful Business Guide to the Uruguay Round.



It provides an overview of achievements of the Uruguay Round and the legal system established by it and explains the role of the World Trade Organization (WTO). This edition contains updates on new developments which have taken place since 1996. It also contains a new section on the six trade-related subject areas: trade and environment, trade and investment, competition policy, transparency in government and procurement, trade facilitation and electronic commerce. A thorough understanding of the World Trading System is critical to increasing the competitiveness of enterprises in Commonwealth countries. This publication will be an essential tool to the international business community and will help business leaders to better understand the implications of the WTO Agreements and how to apply the various provisions and rules to their day-to-day business decisions.



Published jointly by the International Trade Centre UNCTAD/WTO and the Commonwealth Secretariat.

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Safeguard measures to restrict imports in emergency situations

The Agreement on Safeguards authorizes importing countries to restrict imports for temporary periods if after investigations carried out by competent authorities, it is established that imports are taking place in such increased quantities (either absolute or in relation to domestic production) as to cause serious injury to the domestic industry that produces like or directly competitive products. It further provides that such measures, which could take the form of an increase in tariffs over bound rates or the imposition of quantitative restrictions, should normally be applied on an MFN basis to imports from all sources.

English

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