Concept: Special Safeguard Mechanism (SSM)
Topic: Indian Economy
Category: Issues related to direct and indirect farm subsidies and minimum support prices
Related News: Hindu, Feb 27
CNA mentions: 1(Feb 27)
Special Safeguard Mechanism (SSM)
A Special Safeguard Mechanism (SSM) is a protectionist tool under WTO that will allow developing countries to increase tariffs temporarily to suppress import surges or price falls. It is especially used for agricultural imports that cause damages to the country’s farmers. The major proponents of the SSM are the G33 bloc of developing nations. SSM is an area of conflict in the WTO with some parties claiming that SSM could be used repeatedly which will distort trade. The SSM is allowed only for developing countries. It was a result of the Doha Ministerial Conference.