Transition period governs safeguard measures on goods under the India-ASEAN trade rules, defining the limited time to act. The right to initiate a safeguard measure on a good is confined to the transition period applicable to that good. The transition period begins on the date ... Summary
Transition period governs safeguard measures on goods under the India-ASEAN trade rules, defining the limited time to act.
The right to initiate a safeguard measure on a good is confined to the transition period applicable to that good. The transition period begins on the date the Trade Agreement enters into force and continues until five years after tariff reduction or elimination for that good is completed. This provision fixes the temporal window within which safeguard action may be taken under the India-ASEAN Trade in Goods Agreement (Safeguard Measures) Rules, 2016.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.