Safeguard measures invoked 15 times by India

New Delhi, Nov 21 | Updated: Nov 22 2005, 05:47am hrs
India has initiated the maximum number of safeguard investigations and applied highest number of safeguard measures against imports from World Trade Organisation (WTO) members since the agreement on safeguards was implemented on January 1, 1995.

As per the agreement, a WTO member may take a safeguard action (i.e. restrict imports of a product temporarily) to protect a specific domestic industry from increase in imports of any product which is causing or which is threatening to cause serious injury to industry.

According to statistics on safeguard actions notified by WTO members during January 1, 1995 to June 30, 2005 released by the WTO secretariat, India notified a total of 15 initiations. Chile, Jordan and the United States followed with 10 initiations each. The Czech Republic was third with nine initiations.