Mr. Speaker, as a result of the Uruguay round, most developed countries including the European Union, Japan and Korea will phase out all tariffs on steel and steel products over 10 years.
I have a quote from the Canadian Steel Producers Association that says the Canadian steel industry will gain from the Uruguay round if, as expected, this further liberalization of trade results in improved economic growth and hence improved steel demand.
With respect to the new provisions governing subsidies, the Canadian Steel Producers Association said it was easier to take action against subsidies by one foreign country which caused serious harm to our export interest in a third country.
Canada's steel makers agree. Some benefit will flow from the procedural improvements negotiated respecting the administration of anti-dumping procedures. According to the Canadian Steel Producers Association the changes will bring U.S. practices slightly more in line with Canada's and reduce slightly the capacity of the United States to use anti-dumping actions for trade harassment.
The Canadian steel makers also welcome the WTO, saying that it will have a greater flexibility in its operations than the old GATT council which required unanimity to act. The assurance of access to markets secured by the elimination of existing trade barriers-