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of <h1>Rule 15 of India-ASEAN Trade Rules: Transition Period for Safeguard Measures on Goods to Protect Domestic Industries.</h1> The India-ASEAN Trade in Goods Agreement (Safeguard Measures) Rules, 2016, under Rule 15, specifies the transition period for initiating safeguard measures on goods. This period starts from the date the Trade Agreement comes into effect and ends five years after the completion of tariff reduction or elimination for the respective goods. During this transition period, parties have the right to implement safeguard measures to protect domestic industries from potential adverse effects due to the trade agreement.
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