Jump to ContentJump to Main Navigation
The Political Economy of the World Trading SystemWTO and Beyond$
Users without a subscription are not able to see the full content.

Bernard Hoekman and Michel Kostecki

Print publication date: 2001

Print ISBN-13: 9780198294313

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/019829431X.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 16 October 2019

Safeguards and Exceptions

Safeguards and Exceptions

Chapter:
(p.303) 9 Safeguards and Exceptions
Source:
The Political Economy of the World Trading System
Author(s):

Bernard M. Hoekman

Michel M. Kostecki (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/019829431X.003.0010

The various mechanisms allowing for the re‐imposition of trade barriers are discussed in this chapter, which summarizes the rules on––and the economics of––the use of instruments of contingent protection. These have been very important in dealing with domestic political pressures and allowing the pursuit of non‐economic objectives. In practice, they have often been abused, to the detriment of both national and global welfare. The chapter focuses mainly on the safeguards and exceptions embodied in GATT (General Agreement on Tariffs and Trade); those of the GATS (General Agreement on Trade in Services) are very similar or still in development. The different sections are as follows: Renegotiation of concessions; Waivers; Emergency protection and VERs (voluntary export restraints); Antidumping actions; Measures to countervail subsidized imports; Trade restrictions for balance of payments purposes; Infant industry protection; General exceptions; and Conclusion.

Keywords:   anti‐dumping, balance of payments, concessions, contingent protection, GATS, GATT, General Agreement on Tariffs and Trade, General Agreement on Trade in Services, imports, infant industry protection, safeguards, subsidized imports, trade barriers, trade restrictions, VER, voluntary export restraint, waivers

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .