Agreementmeans a trade agreement referred to in the Annex to this Regulation;
bilateral safeguard clausemeans a provision relating to the temporary suspension of tariff preferences that is set out in an Agreement;
country concernedmeans a third country that is a party to an Agreement.
interested partiesmeans parties affected by the imports of the product;
sensitive productmeans a product identified in a specific Agreement as being relatively more vulnerable to a surge of imports than other products;
serious deteriorationmeans major difficulties in a sector of the economy producing like or directly competitive goods.
serious injurymeans a significant overall impairment to the position of Union industry;
threat of serious injurymeans serious injury that is clearly imminent, the determination of the existence of which shall be based on verifiable information;
transition periodmeans a period of 10 years from the entry into force of an Agreement, unless otherwise defined in the relevant Agreement;
Union industrymeans either the Union producers as a whole of the like or directly competitive product who operate within the territory of the Union or Union producers whose collective output of the like or directly competitive product constitutes a major proportion of the total Union production of that product;