Transitional Product-Specific Safeguard Mechanism
Transitional Product-Specific Safeguard Mechanism: a safeguard mechanism established in 2001 under the protocol for China’s accession to the WTO. It deals with the possibility that Chinese products may cause or threaten to cause market disruption to domestic producers in other WTO members of directly competitive products. In such cases, WTO members may seek consultations aimed at finding a satisfactory solution, including possible recourse to the Agreement on Safeguards. The protocol says that disruption shall exist whenever imports of an article, like or directly competitive with an article produced by the domestic industry, are increasing rapidly, either absolutely or relatively, so as to be a significant cause of material injury, or threat of material injury, to the domestic industry. See also Transitional Review Mechanism.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
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