The Application Of Safeguard Measures Under The WTO Framework In Modern International Trade Protection And Its Economic Analysis

As one of protective measures in modern international trade, Safeguard Measures Under The New WTO Framework is applied more and more. Firstly, the paper simply stated the reason why safeguard measures may originate and exist, the basic content of the agreement of Safeguard Measures and its limitation. Then, utilizing economic theory to analysis the effect of safeguard measures and making compare with other protective measures. After this, the US section 201 protecting its domestic steel industry and its influence on the world steel market is analyzed. As the result of chain-effect and Countermeasures, China take safeguard measures in its Iron and Steel Industry, which bring some changes in Iron and Steel Industry and some effect on its forward industry and backward industry. Lastly, the write introduce Chinese special safeguard measures and her practice concerning safeguard measures in the international trade, put forward the problems have to be faced to and the suggestion to settle these problems.