Subsidies and overcapacity discussed by WTO

Robert E. DeFrancesco III, a partner in the International Trade Practice at Wiley Rein LLP, spoke yesterday as part of a panel presentation entitled The Role of Subsidies as Contributor to Overcapacity at the World Trade Organisation (WTO) in Geneva. The seminar explored how the WTO subsidies and countervailing measures agreement can be used to better address the overcapacity crisis in steel and aluminium.

Sponsored by the trade missions of the European Union (EU), Canada, Japan, Mexico, and the United States, the programme was organised in conjunction with WTO efforts to support the G20’s global call for action in addressing subsidy measures that contribute to the overcapacity crisis. 

Other panelists included Karl Tachelet, director at Eurofer (European Steel Association); Markus Taube, professor of East Asian Economic Studies/China at the Mercator School of Management and director of the IN-EAST School of Advanced Studies at the University of Duisburg-Essen; and Mark Wu, assistant professor at Harvard Law School. 

Wiley Rein is a leading US law firm specialising in trade remedy proceedings and representing domestic producers. The company regularly serves as principal counsel for major unfair trade investigations and has won complex and significant anti-dumping and countervailing duty cases on behalf of clients in a variety of industries, including steel, steel-containing products, aluminium, paper, and consumer products.