The term Special Safeguard Mechanism SSM is often used in the context of the World Trade Organizatio...........

Economic Affairs World Trade Organsiation (WTO)

The term Special Safeguard Mechanism (SSM) is often used in the context of the World Trade Organization (WTO). What do you mean by SSM?

It is a tool that allows the developed as well as the developing countries to lower the tariffs temporarily to deal with surges in agricultural imports

It is a tool that allows the developed as well as the developing countries to lower the tariffs temporarily to deal with surges in all kinds of imports

It is a tool that allows the developing countries to increase the tariffs temporarily to deal with surges in agricultural imports

It is a tool that allows the developing countries to lower the tariffs temporarily to deal with surges in all kinds of imports

छोटे Courses बड़े Results

Master World Trade Organsiation (WTO)

Prepare through Micro-courses

Try Now

Explanation:

WTO’s Special Safeguard Mechanism (SSM) is a protection measure allowed for developing countries to take contingency restrictions against agricultural imports that are causing injuries to domestic farmers. The contingency measure is imposition of tariff if the import surge causes welfare loss to the domestic poor farmers. The design and use of the SSM is an area of conflict under the WTO.