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Safeguarding Duty

 Safeguarding Duty is an additional customs duty applied temporarily to imported goods in order to protect domestic industries from a sudden increase in imports that could cause serious economic harm.

Safeguard measures are usually introduced following an investigation by the relevant authorities and are intended to give domestic producers time to adjust to increased competition.

These duties are applied in addition to normal import duties and are used as a trade defence measure under international trade rules. 

Watch Robert Keegan and Eve Rowles cut through the jargon and break down everything you need to know about customs duty, what it is, how it's calculated, and when it applies. Clear, practical, and straight to the point. 

 

For further guidance, the Understanding Customs Duty whitepaper provides a comprehensive overview of customs duty and how it may affect your business.