A safeguard is an emergency action that a WTO member state may take in order to protect its domestic industry from serious injury due to a sudden increase in the quantity of an imported product.

Question

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This statement is true. According to the World Trade Organization (WTO), a safeguard measure is a temporary emergency action taken by a member state to protect its domestic industry from serious injury caused by a surge in imports of a particular product. Such measures can include tariffs, quotas, and other restrictions on imports. However, WTO rules require that such measures must be temporary and must be lifted as soon as the threat of injury has passed.

A Safeguard Is an Emergency Action That a WTO Member