CHAPTER IISAFEGUARD PROVISIONS
Article 3Principles
1.
A safeguard measure may be imposed in accordance with this Regulation where a product originating in the Republic of Moldova is, as a result of the reduction or the elimination of the customs duties on that product, imported into the Union in such increased quantities, in absolute terms or relative to Union production, and under such conditions as to cause or threaten to cause serious injury to the Union industry.
2.
A safeguard measure may take one of the following forms:
(a)
a suspension of a further reduction in the rate of customs duty on the product concerned provided for in the Agreement;
(b)
an increase in the rate of customs duty on the product concerned to a level which does not exceed the lesser of:
the most-favoured-nation (MFN) applied rate of customs duty on the product concerned in effect at the time the measure is taken, or
the base rate of customs duty as specified in the Schedules included in Annex XV pursuant to Article 147 of the Agreement.