May 9, 2016
Partner David A. Hartquist was quoted in the World Trade Online article “Steel Industry Groups Seek To Keep Overcapacity Problems In the Forefront.” Ten steel industry groups representing producers in North and South America as well as the European Union and Turkey recently moved to keep the spotlight on the global overcapacity by urging China to join international efforts to find solutions based on proposals of eight major steel producing trading partners. Mr. Hartquist, who represents the Specialty Steel Industry of North America, said though private-sector and state-owned industries will participate, most of the discussions will be between government officials. He said it is unlikely the meeting will have a concrete outcome, but it is a way for the two sides to continue discussions. Mr. Hartquist went on to note that the continued push to enforcing existing trade laws against Chinese companies may be what forces China to take part in an agreement to fight steel overcapacity. “The trade cases form a very significant backdrop to this whole issue,” he said. “And they obviously have significant impacts on trading relationships, so that can provide a strong incentive to the parties involved to try and reach accommodations to the extent that they can be done legally to address these problems.”
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