SEATTLE--The Semiconductor Industry Association (SIA) today urged members of the World Trade Organization to oppose any new negotiations on antidumping laws.
"We support open markets and are fully supportive of the U.S. trade teams steadfast opposition to reopen negotiations on antidumping," said Michael Maibach, vice president for government affairs at Intel Corp.
"The U.S semiconductor industry lost more than 60,000 American jobs during the mid-80's because of unfair trade laws and dumping practices by our overseas competitors," Maibach stated. The SIA said dumping of products almost decimated the U.S. chip industry in the 1980s with 9 of 11 U.S. DRAM makers being driven out of the business during that time--including Intel.
The WTO Antidumping Agreement, renegotiated in the Uruguay Round, substantially altered antidumping rules, and the SIA warned that some WTO members want to reopen this issue in an effort to weaken U.S. trade laws.
"We have fixed the problem and now is not the time to weaken our trade laws," Maiback argued. "It is time to support open world markets and fair trade and move forward not backwards. We now have rules that enable us to call a trade 'foul' and these rules are working and are extremely fair.
"Moreover, the new WTO round of talks should focus on e-commerce, an area that is ripe for historic growth if the potential for protectionism is minimized," Maibach added.