Labor calls on the Industry Minister, Greg Hunt, to release immediately the findings of the Anti-Dumping Commission’s report on the impact of Asian steel makers in the Australian market, which was handed to Government on 4 April 2016.
Dumping occurs when goods exported to Australia are priced below their normal value. An effective and responsive anti-dumping regime is critical to ensuring local businesses do not suffer injury as a result of goods from overseas being dumped in Australia.
Recommendations for improvements and tougher penalties to prevent the dumping of products from overseas, particularly in relation to the steel industry, must be acted on as a matter of urgency to stem the loss of critical manufacturing capabilities in Australia.
But despite receiving the Anti-Dumping Commission’s report more than four months ago, and while Australian steel producers like Arrium are in crisis, the Liberals have failed to act.
Labor also calls on the Government to convene immediately a meeting of the International Trade Remedies Forum (ITRF) to consider what further reforms are needed to improve the system and defend Australian jobs.
The ITRF is an independent and expert advisory group, with representatives from industry, manufacturers, producers, importers, unions, industry associations and government.
Both the Anti-Dumping Commission and the ITRF were created by Labor as part of a package of reforms to streamline Australia’s anti-dumping system.
During the Liberals’ time in Government, however, they have sought to abolish the ITRF without ever having convened a meeting of the group. Then they tried to impose an unfair fee on Australian manufacturers seeking a review by the Anti-Dumping Review Panel.
Labor successfully blocked the Liberals’ attempts to abolish the ITRF and slug Australian manufacturers with the unfair fee, but more needs to be done to ensure our anti-dumping system remains world’s best and defend Australian producers from unfair trade practices.
Labor understands that Australia's anti-dumping and countervailing system is critically important to the maintenance of fair trade for our domestic producers.
Industries and workers are injured when goods from overseas are dumped into the Australian market and when overseas exporters try to circumvent our anti-dumping rules.
The Liberals have dodged and dithered when it comes to ensuring Australia has the world’s best anti-dumping and countervailing regime.
Manufacturers have the right to be concerned that the Liberals have dropped the ball when it comes to acting in their best interests.