Safeguard Measures in World Trade tackles the controversial issue of restrictions on imports. Professor Yong-Shik Lee skillfully argues that Safeguards interfere substantially with the normal stream of trade, and their improper application undermines the objectives of the World Trade Organization (WTO). Offering detailed and extensive legal coverage of safeguard measures in world trade, this timely third edition scrutinizes this instrument and its application, with reference to important WTO dispute-settlement cases. In addition to a thorough examination of the WTO Agreement on Safeguards, Professor Lee provides insightful interpretation of the national rules on safeguards and on safeguard provisions within regional trade agreements. Further analysis of the transitional product-specific measures against China and emergency safeguards to trade in services serve to enrich the coverage. The book concludes with unique proposals for extensive regulatory reform. Scholars, practitioners, national policy makers, negotiators and international organizations in the field of international economic and trade law will find much of interest in this unique and authoritative study.