The World Trade Organization has given measures of safeguarding trade. According to the WTO a member may take a safeguard action by temporarily restricting imports of a product.
inorder to protect a specific domestic industry from an increase in imports of any product which is capable of causing serious injury to the industry.
The WTO stated that safeguard measures were usually available under the General Agreement on Tarriff and Trade.
Though they were inconsistently used, and subject to the fact that some governments preferred to protect their industries through voluntary export restraint arrangements on products.
The WTO in furtherance noted that it safeguards agreement and prohibits voluntary export restraint arrangements on products and regulate time limits on all safeguard actions.
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