Impacts of Turkey's safeguard measure investigation on imported PSF

Economy Ministry of Turkey announced on May 30 2020 to launch safeguard investigation on imported PSF at the request of local industry. The products involved are under Turkey HS code 5503.20.00.00.00.

Safeguard measures refer to the import restriction measures taken by members in accordance with the "GATT 1994" when imports have surged and caused serious damage or threats to their domestic industries. This measure is an important means for member governments to safeguard their domestic industrial interests under normal trade conditions. It is different from measures against unfair trade. The purpose of this measure is to provide members with a certain degree of flexibility in their international obligations so that they can be exempted from their obligations under relevant WTO agreements when special circumstances arise, so as to remedy or avoid serious damage.