Safeguard Measures in World Trade

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
• Examines other emergency import restrictions such as special safeguard measures
• Reviews the relationship between regional trade agreements and safeguard measures
• Draws lessons from past applications of safeguard measures

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.