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Over the longer term, SMA said, action must be taken to negotiate a multilateral steel agreement (MSA).
steel industry that kept a multilateral steel agreement from being realized a few years ago, and that it also played a major role in the collapse of the WTO Ministerial meetings in Seattle last fall.
AISI says that without a separate Multilateral Steel Agreement, sought by both the Clinton administration and US industry leaders, major areas of concern include the effectiveness of the Uruguay Round agreement in reducing predatory dumping, the extent to which countries can use regional development goals as an excuse for subsidising steel production and the new accord's provision allowing research and development subsidies to help steel firms.
Barnette noted that the Multilateral Steel Agreement (MSA) negotiation was "one forum where the world steel industries have had an opportunity to demonstrate real leadership in the trade liberalization process," but expressed disappointment with the lack of progress and reduced expectations in these negotiations.
Will, Chairman of the North American trade organization, said, "For six years our respective governments have been attempting to negotiate a Multilateral Steel Agreement (MSA) covering all steel products, including carbon as well as specialty steels.
After seeing a stalemate develop in the negotiations to establish a multilateral steel agreement for all steel products, SSINA floated the idea of a more limited agreement covering only specialty steel products.
In urging greater international cooperation, preliminary agenda suggestions for the proposed Stainless Steel Roundtable include: -- Extending market development work -- Responding to environmental and safety issues -- Seeking open and fair markets -- Moving forward on multilateral steel agreements -- Addressing structural problems relating to capacity and rationalization and merger programs.
Trade Representative to aggressively pursue a meaningful Multilateral Steel Agreement (MSA) that would deal with such subsidies as provided by the Indian and other governments.