Thank you so much for being here and for your presentations. I think it's clear that the Canadian steel industry is in crisis, and we know there's nothing fair about what's happening right now. We have to modernize our trade remedies. We're way out of sync. We're becoming this target. You all reflected that in your speeches to us.
However, there is one issue that Mr. Neumann touched on, which I'd like to touch on, because I think it's especially pertinent when we're looking at the deal we're looking at with China. We're at this moment in time when we have an opportunity to address this issue with China, but we have to talk about the market economy status that it is seeking. We have to talk about the fact that on December 11 of this past year, a provision in the protocol of accession indicating that other WTO members could treat China as a non-market economy in anti-dumping investigations expired, and that has resulted in a legal obligation to grant it market economy status. China is saying that because this has expired, we now have to give it market economy status.
This is critical. If we grant China market economy status, how will that impact not only the dumping but the steel industry as a whole?