Abstract

CRUZ BARNEY, Óscar. Tariff Safeguards in Time of Crisis. Anu. Mex. Der. Inter [online]. 2012, vol.12, pp.859-898. ISSN 1870-4654.

The global economic crisis has resulted in the contraction of the external market demand for products manufactured locally, causing domestic production surpluses resulting from the fall in domestic and international demand operations and cancellation of previously agreed operations. These production surpluses will be reduced by dropping the levels of production, domestic sales and the possible placement of them in international markets which remain open despite the crisis. Faced with this possibility the commercial safeguards are considered adequate to protect domestic producers against unanticipated economic difficulties resulting or not from trade liberalization. The idea is that the affected countries will be in a better position to reduce their barriers to trade and that the flexibility provided by the safeguards in the longer term increases the stability of the global trading system.

Keywords : safeguards; economic crisis; trade; GATT; economic integration.

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