the bilateral safeguard incorporated which provides the possibility of reimposing the most fevored nation ratht when a result of liberalization imports increase to such an extent in it
The bilateral safeguard clause incorporated into this agreement, which provides for the possibility of re-imposing the most-favoured-nation (MFN) rate when, as a result of trade liberalisation, imports increase to such an extent in absolute terms or in relation to domestic production and take place under such conditions as to cause, or threaten to cause, serious injury to the Union industry that produces similar or directly competing products, is very important for maintaining healthy competition that is not damaging to either party.
The bilateral safeguard incorporated which provides the possibility of re-imposing the most-favoured-nation rate when, a result of liberalisation, imports increase to such an extent in absolute or in domestic production place under conditions to or threaten cause, serious injury to the Union industry that produces similar or directly competing products, is very important maintaining healthy competition that not damaging either party.