3. New section 40a

The principal Act is amended by inserting after section 40

the following section:

“Bilateral safeguards 40a.  (1)  Nothing in this Act shall prevent the Government from initiating safeguard investigation and imposing safeguard measure in accordance with the terms and conditions agreed upon in a trade agreement entered into by the Government.

The Minister shall prescribe the terms and conditions of the safeguard investigation and safeguard measure for the purpose of subsection (1).”.