Safeguard Measures Act, Republic Act No. 8800 (Philippines)
The Act outlines the process when safeguard measures may be imposed by the Secretary of Trade and Industry or the Secretary of Agriculture. The Act authorizes the Secretary of Finance to impose a provisional safeguard measure in the form of tariff increase when a delay of the process could cause irreparable damage and upon a finding that the increased importation shall cause or threaten to cause serious injury to the domestic industry.
The safeguard measures include:
- Increase or imposition of duty on imported products.
- Decrease or imposition of tariff-rate quota on products.
- Modification or imposition of quantitative restriction of the importation of products into the Philippines.
- Other adjustment measures including trade adjustment assistance, or a combination of any of the foregoing acts.
The Act further provides for the grounds, rules and procedure for the imposition of special safeguard measures.