Australias Anti Dumping And Countervailing System

Author : Productivity Commission
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Download or read book Australia's Anti-Dumping and Countervailing System written by Productivity Commission and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extract from the key points: The Australian anti-dumping system, which is based on agreed WTO rules and procedures, benefits a small number of import competing firms, but imposes greater costs on the rest of the economy. However, this net economic cost is likely to be very small. And the ability for Australian industries, like those in most other countries, to use the system to address what are perceived by many to be 'unfair' trading practices, may have lessened resistance to more significant tariff reforms. This 'political economy' argument for retaining the system would be strengthened by changes to address a number of deficiencies in the current arrangements which can add to the costs for the community. In particular: • there is no consideration of the wider economic impacts of anti-dumping measures • measures can too easily become akin to long-term protection, or outdated in the face of changing market circumstances • decision-making and its outcomes are not sufficiently transparent. Introduction of a 'bounded' public interest test, drawing on similar provisions overseas, would be a practical means to take account of wider impacts and prevent the imposition of measures that would be disproportionately costly.