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ANTI-DUMPING REFORMS TO HELP AUSTRALIAN INDUSTRY

07-11-2015
by 
in 

New reforms to Australia’s anti-dumping system will create a level playing field for Australian manufacturers and producers, says Industry Minister Christopher Pyne.

Minister for Industry, Innovation and Science, Christopher Pyne, said the package of reforms will ensure businesses are not unfairly injured by the importation of goods at dumped prices.

“The Australian Government’s reforms modernise Australia’s anti-dumping system to address community and business concerns and delivers on election commitments,” Mr Pyne said.

“They strengthen and streamline our anti-dumping laws to ensure Australian industry is not injured by dumping from foreign companies and ensure the system is more transparent.

“The suite of reforms will crack down on uncooperative exporters, improve the merits review process, provide better support to Australian businesses engaging with the system and improve the operational effectiveness of the Anti-Dumping Commission.”

Mr Pyne said new regulations have also been introduced to address overseas businesses that avoid paying dumping duties by slightly modifying their products.

Assistant Minister for Science, Karen Andrews, who has operational responsibility for anti-dumping matters, said the reforms complement measures already taken to improve the support, assistance and information available to business.

“As part of the reform package, we’ve bolstered the resources of the Anti-Dumping Commission with additional investigators and a new Anti-Dumping Information Service.

“The new service will analyse market information and monitor economic trends so investigators can access strategic information early on in the process to help improve decision making.”

Operational processes are also being reviewed to see what efficiencies and improvements can be made to the Commission’s investigative processes and practices.

While Australia’s current anti-dumping system is strong it must keep pace with industry trends.

Mr Pyne said the Government would work with stakeholders in coming months to identify future reform opportunities to further strengthen the anti-dumping system.

For more information: www.industry.gov.au/Anti-dumping-reforms

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