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GATT 'DRAFT FINAL' FLAILED BY SPECIALTY STEEL INDUSTRY

 GATT 'DRAFT FINAL' FLAILED BY SPECIALTY STEEL INDUSTRY
 WASHINGTON, Jan. 9 /PRNewswire/ -- The Specialty Steel Industry of the United States (SSIUS) today expressed strong opposition to the draft texts on dumping and subsidies issued in the Uruguay Round Trade negotiations by GATT Director General Arthur Dunkel.
 Robert E. Heaton, chairman of SSIUS said: "The U.S. must reject the proposed changes to the dumping and subsidies codes and any future proposals that would weaken U.S. trade laws. The Dunkel texts would significantly weaken U.S. antidumping and countervailing duty laws. These important trade laws have helped ensure fair trade and have preserved jobs over the years.
 "The Dunkel text proposed changes in the antidumping and subsidies codes would make it more difficult for a domestic industry to prevail in trade cases. In addition, the text proposed a 'sunset' provision which would terminate the antidumping and countervailing duty orders within five years, regardless of whether the dumping or subsidization continues to occur. The text would permit regional subsidies, which should and have always been prohibited in the past. Also, it would change the method of calculating dumping margins, making it more difficult to obtain relief to offset unfair trade practices."
 /delval/
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 /NOTE: A full copy of the SSIUS comments on the "Dunkel Draft Final" text on dumping and subsidies is available./
 /CONTACT: Bert Delano, 202-342-8888, or Meg Mullery, 202-342-8439, for the Specialty Steel Industry of the United States/ CO: Specialty Steel Industry of the United States ST: IN: SU:


TW-SB -- DC007 -- 8135 01/09/92 10:23 EST
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Date:Jan 9, 1992
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