Indi manufacturers and food producers should consider input to anti-dumping inquiry
Independent Member for Indi, Cathy McGowan AO, is urging food manufacturers and food producers in Indi to make a submission to an inquiry investigating the current anti-dumping regime.
‘Dumping’ is a kind of predatory pricing that occurs when overseas manufacturers export a product to Australia at a price below the price charged in their home market or under the cost of production.
Ms McGowan is a member of the House of Representatives Standing Committee on Agriculture and Industry, which is about to conduct an inquiry into whether Australia’s anti-dumping measures are being circumvented.
“I encourage manufacturers and producers who have been, or potentially could be, impacted by dumping practices of foreign companies to write to the Committee to provide information or outline solutions for the Committee to consider,” Ms McGowan said.
The inquiry will look at industry claims that when an anti-dumping decision is granted against an imported product, the producer finds a way of changing the description, altering the product or sending the product through a third country to avoid the anti-dumping action.
Ms McGowan said Australia’s manufacturing sector supports a free-market economy, but producers should not have to compete against heavily subsidised overseas products being dumped below the cost of production.
“Food production and manufacturing are integral to the future development of Indi,” Ms McGowan said. “Our food producers and manufacturers are very efficient and produce world-standard products, and they deserve the playing field to be as level as possible.”
The inquiry’s terms of reference include inquiring and reporting into:
- the scope, prevalence and impact of circumvention practices by foreign exporters and Australian importers, especially from the perspective of Australian businesses;
- practices that circumvent anti-dumping measures and the models for addressing practices administered by other anti-dumping jurisdictions; and
- areas which require further consideration or development including the effectiveness of anti-dumping measures and the range and scope of circumvention activities.
The Committee will accept submissions until November 30, 2014. Details on how to make a submission can be obtained from the Committee’s website at: www.aph.gov.au/agind.