Bilateral safeguard definitions under the India-Korea trade agreement set the framework for serious injury and increased imports.

Rule 2 defines the key terms for bilateral safeguard administration under the India-Korea trade agreement, including Director General, domestic industry, increased imports, interested party, originating good, serious injury, threat of serious injury, and Trade Agreement. It also provides that increased imports may be absolute or relative to domestic production, and that threat of serious injury must be clearly imminent on the basis of facts. Unspecified terms take their meanings from the Customs Tariff Act, 1975 and the Customs Act, 1962.

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