„Escape Clause“
What does Escape Clause stand for?
1. A provision in a bilateral or multilateral commercial agreement permitting a signatory nation to change their obligations when imports threaten serious harm to the producers of competitive domestic goods.
2. A provision in a contract or other document permitting parties to avoid liability for nonperformance under certain conditions.
Source:
Legal and RegulatoryView all itemsKrishna, K. (2005). “International Trade: Theory and Policy”. New York: Springer.
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