Multilateral Steel Agreement
Multilateral Steel Agreement : Attainment of an MSA was an achievement intended as part of the Steel Trade Liberalization Program and resulting the Bilateral Consensus Agreements. The MSA would have addressed the underlying causes of unfair trade in steel by eliminating tariffs, nontariff measures such as quotas, and most subsidies in the steel sector, and established a dispute-settlement mechanism. The United States and 34 other countries participated in negotiations for an MSA under the general auspices of the General Agreement on Tariffs and Trade. MSA negotiations were suspended in March 1992, coincident with the expiration of the steel voluntary restraint agreements
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