Bill Shorten announced this week that a Labor government would triple penalties for dumping cheap overseas products in the Australian market.
Bill Shorten has proposed tripling penalties for dumping cheap overseas products like steel into the Australian market. But this proposal suggests a failure to understand dumping and its regulation.
G20 members have been imposing new barriers to trade.
Tariffs have been falling in recent years but countries are imposing other barriers to trade, affecting Australian consumers and businesses.
The Federal Government’s overhaul of anti-dumping regime may not effect any significant change but carries the risk of Australia being seen as overly-protectionist.
It’s hard to get too excited over Prime Minister Julia Gillard’s recent announcement of a radical overhaul of Australia’s Anti-Dumping administration with the proposed creation of a new Dumping Commission…