A 'Safeguard Duty' is a temporary trade protection measure imposed against a specific country that is found guilty of violating WTO intellectual property rules.
- True
- False
Answer: False
Safeguard duties are not punitive measures against unfair trade practices like dumping or IP theft. Instead, they are emergency 'escape valves' applied on a Most-Favoured-Nation (MFN) basis against all importing countries when there is a sudden, massive, and unforeseen surge in imports that threatens to cause serious injury to the domestic industry, allowing them time to adjust.