Infant Industry
Infant Industry : This term derives from the idea that temporary protection in the form of tariffs or non-tariff barriers can help establish an industry and ensure its eventual competitiveness in world markets. Although a case may be made for restricting trade due to the infant industry argument under the GATT, the company may be required to compensate adversely affected signatories. Article XVIII outlines where Balance of Payments and infant industry restrictions may be legitimately used
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