Tag Archives: international trade

ILN Today Post

Commencement of KAFTA nears together with reductions in general TCF duty rates

There has been movement on a couple of different fronts which will deliver reductions in duty.

Commencement of KAFTA

Over time I have provided updates on the progress of the Korea – Australia Free Trade Agreement (KAFTA) including summaries of the KAFTA and the implications for industry in various CBFCA CPD presentations.  More recently I have been involved with submissions to the JSCOT review of KAFTA and 2 separate Senate Inquiries into the KAFTA, which also included appearing before a Hearing of one of those Inquiries. More…

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ILN Today Post

Australian Federal Government moves on competitiveness and anti-circumvention

The policy space for those in the International Trade, Customs and related agricultural reform field has got much more crowded in the space of the last month!

If I may attempt to summarise

  • On Monday (20 October 2014) the Federal Government released its “Agricultural Competitiveness Green Paper”.  To view this paper click here.  The paper is a discussion of possible options proposed by stakeholders for improving the competitiveness of the agricultural sector.  The Government has invited stakeholders to comment on the Green Paper by 12 December 2014.  The finalised policy directions for improving the profitability and competitiveness of the agriculture sector will then be detailed in a “White Paper” as a precursor to actual reform. More…
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ILN Today Post

ADC initiates new investigation into alleged dumping of steel reinforcing bar

The ADC has achieved the “ton” with the issue of ADN 2014/100 on Friday, 17 October 2014.

Click here to view the ADN.

The Investigation was initiated at the application of OneSteel. More…

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Customs proposes TCO amendments. Goodbye to the 25% local content requirement?

Under the banner of the Government’s deregulation agenda, Customs has now published notice of a proposed amendment to the TCO regime by removing the current requirement that there needs to be 25% local factory costs before a party can object to a proposed TCO or seek revocation of a TCO.

Presumably this would also allow Customs to object to initiate its own revocation on the same basis. More…

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ILN Today Post

Issues for the International Trade and Customs Industry from the release of the New “Industry Innovation and Competitveness Agenda” by the Australian Federal Government

Introduction

Yesterday (14 October 2014), the Australian Federal Government released its much-awaited document entitled the “Industry Innovation and Competitiveness Agenda” (“Agenda“).

The “Action Plan for a Stronger Australia” represents a broadly-based initiative as part of the commitment of the Federal Government to improve Australian competitiveness both here and overseas.  It also links to the current de-regulation agenda.  The Agenda includes a number of items which will have an impact on those in the international trade and customs community. More…

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ILN Today Post

When is a ceiling fan not a ceiling fan? When it’s a ceiling light

Of recent time one of the major points of contention circulating in industry has been the correct tariff classification of ceiling fans which happen to have more than one function (for example, fans with lights or fans with heaters).

The issue has also encompassed the issue of classification of “composite goods” and whether goods were entitled to duty – free entry under a TCO where the goods came within the description of goods under the TCO but also had further functions. More…

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ILN Today Post

Another big week in Australia in the wonderful world of Dumping

As we end of another week of significant developments in the world of the Australian anti dumping and subsidies regime, I thought it would be useful to summarise some of those developments.

Statement of Essential Facts (SEF) issued on the Power Transformer Investigation

After the issue of a preliminary affirmative determination (PAD), the imposition of securities and the grant of four extensions to issue the SEF (a new record) the Anti-Dumping Commission (ADC) released SEF 219 yesterday.  Being involved in the Investigation, I can confirm that it is unbelievably complex involving exports from a number of countries and issues such as “when is an export an export” (day of contract or day of shipment), what are “like goods” and “just what is a distribution transformer?” More…

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ILN Today Post

Will the largest agreement in the World be achieved?

Swedish lawyer Jan E. Frydman analyzes the background for the on-going negotiations between the EU and the United States to create a transatlantic partnership on trade and investment (Trans-Atlantic Trade and Investment Partnership, or “T-TIP”), focusing on the challenge of regulatory convergence.

The purpose of the T-TIP is to reduce or eliminate barriers to trade and investment between the two economies. The idea is by no means new. Already back in 1995, both sides started an effort towards a kind of free trade agreement between the EU and the United States (the New Transatlantic Marketplace, or “NTM”). The reason was as obvious then as it is now: more trade leads to more growth and more jobs, which of course both politicians and the business community on both sides of the Atlantic wished for. A dialogue between political leaders and the business community – the Trans-Atlantic Business Dialogue (”TABD”) – also started to identify the most important barriers to trade and investment and present annual recommendations to the European Commission and the United States Government. Removing unnecessary barriers sounded obvious, but unfortunately it was – and is – not so simple. More…
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ILN Today Post

KAFTA moves towards implementation in 2014

In the last week, there have been a number of significant events in the process towards implementation of the KAFTA with the apparent aim to do all things possible to have implementation commence in 2014.

New KAFTA legislation introduced

The first event was the introduction into Parliament of the 2 Customs Bills required to be passed to implement the “customs aspects” of the KAFTA.  In accordance with previous practice there are 2 Bills, the first Bill being the amendment to the Customs Act 1901 to gives effect to the Rules of Origin in the KAFTA by way of a new Division 1J to Part VIII of the Customs Act..  The second Bill comprises the amendments to the Customs Tariff Act 1995 to implement the KAFTA.  This includes: More…

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Customs issue further notice on DDP transactions

In our Update of 21 August we referred to the revocation of Australian Customs Notice 2000 / 30 effected by the issue of a new Australian Customs and Border Protection Notice 2014 / 36.

The revocation of the earlier Notice was of some significance given that it had been in place for 14 years and that there was no forewarning that there were problems with the Notice which necessitated its revocation. More…

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