The phase out is written into the WTO rules and China and India would not agree to a delay.
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The year before China joined the WTO, the United States and China each produced about 100 million tons of crude steel.
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It started its WTO practice soon after China joined the WTO in 2001 and is currently working on the "steel pipes" case against the U.S., in the first WTO dispute launched by China to reach the expert panel stage.
Both China and WTO members will need to show more flexibility in future.
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And China's WTO entry is unlikely to reduce the number of regulations.
And even when China has more highly trained WTO lawyers, they still need the experience of winning and losing WTO cases, which are small in number each year.
As part of its WTO agreement, China now circulates draft laws and regulations for 30 days to collect comments.
The latest salvo was fired on June 23rd by America and the European Union, which complained to the World Trade Organisation (WTO) about China's restrictions on the exports of nine minerals, including bauxite, coke, magnesium and manganese.
In its WTO accession agreement, China also committed to simplify and streamline the approval process for wireless communications equipment into a single process but has not yet done so.
He argues that China's inclusion in the WTO, and hence permanent normal trade relations with the U.S., is good for both sides because trade disputes can be resolved through an impartial dispute settlement mechanism.
It's also illegal under WTO guidelines, he adds, and would likely cause retaliation by China within the international trade group.
Still, it is important for China to have a stronger cadre of Chinese WTO lawyers and law firms.
If you need more evidence that the antidumping status quo is weighted heavily against import-consuming U.S. industries, consider this gem: three of the nine mineral raw materials that are the subject of the U.S. case against China in the WTO (magnesium, silicon metal, and coke) are simultaneously subject to U.S antidumping restrictions.
China will continue to export, and will manage rare earths based on WTO rules.
I'm the director of Cato's Herbert A. Stiefel Center for Trade Policy Studies, focusing on WTO disputes, regional trade agreements, U.S.-China trade issues, steel and textile trade policies, and antidumping reform.
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This strategic momentum has carried into 2012, as the recent WTO agreement with China, highlighting IMAX, should enhance programming flexibility in our biggest international market, and we have also made early progress toward igniting network growth in Latin America and Europe.
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With WTO membership, China will make significant cuts in its tariffs, thus opening its markets to the products and investment of America and other countries.
WTO's 135 members, notably the European Union, have yet to agree entry terms with China, and America's Congress has to endorse the deal.
But a WTO ruling on March 26th found in favour of those countries that have filed formal complaints, including Europe, Japan and China.
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