MSCI Joins Canadian Coalition Opposing Market Economy Status For China
The Metals Service Center Institute (MSCI) has agreed to join a coalition put together by the Canadian Steel Producers Association (CSPA) that seeks to preserve China’s designation as a non-market economy by the World Trade Organization (WTO).
The coalition has argued that any limitation on Canada’s ability to prove China’s non-market behavior denies fundamental realities of the Chinese economy and would needlessly compromise Canada’s trade remedy system. The coalition is seeking a renewed commitment from the Canadian government to maintain China’s non-market economy status.
Click here to learn more from CSPA.
As a reminder, this spring MSCI joined a similar coalition, Manufacturers for Trade Enforcement, in the United States that argues the U.S. government can and should continue to apply its right to assess the non-market aspects of China’s economy that are relevant to any U.S. trade enforcement action. Click here to learn more about that coalition and click here to read about a poll conducted on behalf of its members.
In an editorial on June 11, The Washington Post agreed with MSCI’s position. The newspaper’s editorial board wrote, “The Obama administration should not yield on this point, unless and until China shows irreversible progress on economic reform, including, specifically, its subsidized excess industrial capacity. For the sake of prosperity in both countries, it’s a fight worth having.”