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Safeguard Measures in World Trade: The Legal Analysis 4th ed


ISBN13: 9781800887497
Previous Edition ISBN: 9781781956069
To be Published: June 2025
Publisher: Edward Elgar Publishing Limited
Country of Publication: UK
Format: Hardback
Price: £182.00



Examining the rules laid down by the World Trade Organization (WTO), Yong-Shik Lee covers key challenges in the interpretation and application of safeguard measures in this updated fourth edition. With new discussions on what determines safeguard measures, this book presents unique proposals for extensive regulatory reform.

Chapters consider the effects of recent shifts in the international trading system, including the failure of the Doha Round, the continuing proliferation of regional trade agreements, and the incapacitation of the WTO Appellate Body. Lee updates discussions on development issues in the context of safeguard measures, drawing on in-depth explorations of both national and WTO policies.

Key Features:

  • Provides comprehensive coverage of WTO, US, and EU rules on safeguards
  • Critically examines the impact of safeguards on the normal stream of trade and the objectives of the WTO
  • Discusses the need for emergency safeguard measures under the General Agreement on Trade in Services

This fourth edition continues to be a crucial resource for scholars and practitioners in international economic and trade law. National policy makers, negotiators, international organizations, and businesses will also benefit from this authoritative analysis of global safeguard measures.

Subjects:
International Trade
Contents:
Preface to the Fourth Edition

PART I DEVELOPMENT OF INTERNATIONAL RULES ON SAFEGUARDS
1. Politics and economics of safeguard measures
2. GATT Article XIX and negotiation of the Agreement on Safeguards

PART II AGREEMENT ON SAFEGUARDS
3. Article XIX and Agreement on Safeguards
4. Article 2 – general conditions
5. Article 4 – injury and causation
6. Procedural requirements
7. Application of safeguard measure
8. Compensation and retaliation

PART III OTHER SAFEGUARD PROVISIONS
9. Remaining issues
10. Discussions on safeguard measures in the service trade: GATS Article X
11. Other emergency import restrictions in the WTO
12. National/regional rules on safeguards
13. Regional trade agreements and safeguard measures

PART IV SAFEGUARD REGIME: PRESENT AND FUTURE
14. Lessons to remember
15. Future perspective and conclusion

Bibliography
Appendix 1: Statistics on safeguard measures
Appendix 2: Text of GATT Article XIX
Appendix 3: Text of the Agreement on Safeguards
Appendix 4: Proposed modification of the Agreement on Safeguards
Appendix 5: Proposed text of the Rules on Emergency Safeguard Measures
Appendix 6: Application of safeguards – the checklist