Wto Sg Agreement

As a general rule, members who apply protective measures must pay by paying compensation. A member applying a safeguard measure must maintain a level of concessions and other substantially equivalent commitments to the exporting members concerned. On this subject, concerned members can agree on appropriate means of trade compensation through consultations. In the absence of such a compensation agreement within 30 days, the exporting members concerned may individually suspend substantially equivalent concessions and other obligations (i.e. retaliation), unless the Goods Trade Council objects. Article 1 provides that the SG agreement is the instrument for applying the measures provided for in Article XIX of the GATT of 1994. In other words, any measure for which the scope of Article XIX (which allows the suspension of GATT concessions and obligations in defined emergency situations) must be taken in accordance with the provisions of the Treaty on the General Protection Enterprise. The agreement does not expressly apply to measures taken under other provisions of the 1994 GATT, to other annex 1A multilateral trade agreements, or to protocols and agreements or agreements concluded under the 1994 GATT. (s.

11.1 (c)) The Protection Committee monitors and reports annually to the Goods Council on the overall implementation of the agreement. A member concerned with a protective measure may ask the committee to decide whether the measure complies with the rules of procedure of the agreements. At the request of members, the Committee may support consultations or consider proposals for retaliatory measures. It monitors the release of notified “grey zone” measures and verifies all security messages. The current chair is. 2. In the absence of agreement in the Article 12 consultations, paragraph 3, within 30 days, the exporting members concerned are exempt, no later than 90 days after the application of the measure, from suspending the suspension at the end of a period of thirty days from the date on which the Council for Trade in Goods received a written notification of the suspension. , the application, under the 1994 GATT, of concessions or other commitments essentially equivalent to the trade of the member applying the safeguard measure which the Council for Trade in Goods does not disapprove of the suspension of this measure.

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