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Peak steel body supports new antidumping reforms

The ASI has welcomed the comprehensive package of reforms announced yesterday by the Minister for Industry, Ian Macfarlane and his Parliamentary Secretary, Bob Baldwin to improve and strengthen Australia’s antidumping system. “Our industry is heavily trade-exposed and is being adversely impacted by dumping by foreign companies, said ASI Chief Executive, Don McDonald. “This is especially pertinent to the steel industry as the large steel producing economies of Asia are experiencing oversupply in their home markets.” He said the reform package will improve support for a fairer trade regime by providing enhanced remedies for upstream and downstream Australian steel manufacturing companies. “In particular, we welcome the trebling of the number of Trade Remedy Advisors to assist antidumping claims by SMEs, increased onus on foreign exporters to comply and addressing avoidance of dumping duties on slightly modified products,” Mr McDonald said. “These reforms will assist in leveling the playing field through a tougher approach to timeframes and remedies, and they will improve the process for Australian steel manufacturers through expanded information and support services. “The ASI will work closely with the Government to assist our fabricator and manufacturing members to take full advantage of these new measures which are designed to provide a fairer trade environment in full compliance with WTO rules.”

Posted On: 16 Dec 2014

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