Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Tariff changes - vegetable fats and oils



Download PDFDownload PDF

EMBARGO: Not to be released

before 4 p.m. 20/12/68

FOR PRESS

TARIFF Ci.1r. G S VEGETABLE FATS AND OILS 1'Ai 11t 1 ^l^i T^-J.: "j -.

(Statement by the Deputy Prime Minister

and Minister f or Trade and industry, the

Rt . Hon. J. ?TcEw-,,.e_ )

The Minister for Trade and Industry today released

a report of the Tariff Board on vegetable fats and oils.

The Minister said the Government had not accepted

the Board's recommendation that assistance be withdrawn

for the local production of olive oil. As Australian olive

groves contain a relatively high proportion_ of trees which

had not yet reached bearing age, the Government was concerned

that it could well be premature to decide, at this stage, that

olive oil production was not worthy of assistance. It had

decided that the present level of protection on olive oil would

remain unchanged and that the question of long-term assistance

for this industry would be reviewed again in the light of

economics of production from mature and bearing olive groves.

Mr. IvcEwen also announced that the Government

had deferred consideration of another Tariff Board recommendation

for phasing out the present by-law assistance accorded local

production of peanut oil. The Board had proposed the

progressive elimination, commencing 1st January, 1970,

of the present by-law concession which permits producers of

peanut oil to import duty-free three gallons of oil for each

gallon produced from local peanuts. The Government had decided

that it would require information on the peanut industry not

provided by the Board's report, including the results of an

2.

examination of the overall costs of peanut growers, before

dealing with this recommendation. Accordingly, the Departments

of Trade and Industry and Primary Industry would conduct a

survey into the peanut industry and the Government would

consider the matter again, towards the end of next year, in the

light of the results of the survey.

Mr. McEwen added that the remaining recommendations

in the report had been accepted. Uniform General rates of

duty of $0.40 per gallon would apply to linseed oil, safflower

oil, cottonseed oil, maize oil, soyabean oil, rapeseed oil and

Non-protective rates of

oil, palm oil, coconut

^al other oils of minor

come into effect on Monday

will be a further Tariff

industry in seven years

some other oils of minor importance.

duty would be applied to palm kernel

oil, almond oil, castor oil and sever

significance. The duty changes will

morning, 23rd December, 1968. There

Board inquiry into the vegetable oil

time.

Copies of the Tariff Board's report are available

from the Office of Secondary Industry, Department of Trade

and Industry, Canberra, and Collectors of Customs in all

States.

Canberra, A.C.T. 20th December, 1968. 96/68T