Australia will eliminate almost 500 "minimal" import duties
发布日期：2024-03-13
According to the Wall Street Journal website reported on March 10, the Australian government announced that it will eliminate nearly 500 "micro" tariffs from July 1, thereby reducing the cost of importing a variety of goods from toothbrushes to roller coasters and bumper cars.
The move has been described by Australia's centre-left Labor government as the biggest unilateral tariff reform in at least two decades. Removing the tariffs would cost Australia A $30 million ($19.9 million) in lost budget revenue each year, but help streamline annual trade worth about A $8.5 billion.
In a statement released Monday, Treasurer Jim Chalmers said Australian workers and businesses are not protected by these tariffs, but they still need to deal with the associated red tape and bear the costs of complying with the tariff regime.
He also said the changes would wipe out 14 percent of Australia's total tariffs.
Some of the imported products affected by the "minimal" tariffs to be eliminated include washing machines, agricultural vehicle tires, toothbrushes and bamboo chopsticks. (Source: Reference news network)
The move has been described by Australia's centre-left Labor government as the biggest unilateral tariff reform in at least two decades. Removing the tariffs would cost Australia A $30 million ($19.9 million) in lost budget revenue each year, but help streamline annual trade worth about A $8.5 billion.
In a statement released Monday, Treasurer Jim Chalmers said Australian workers and businesses are not protected by these tariffs, but they still need to deal with the associated red tape and bear the costs of complying with the tariff regime.
He also said the changes would wipe out 14 percent of Australia's total tariffs.
Some of the imported products affected by the "minimal" tariffs to be eliminated include washing machines, agricultural vehicle tires, toothbrushes and bamboo chopsticks. (Source: Reference news network)
