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Australian system of tariff preference extension to the Czech and Slovak federal republic



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M INISTER FOR

INDUSTRY, TECHNOLOGY a n d COMMERCE

SENATOR JOHN BUTTON

IMMEDIATE RELEASE WEDNESDAY 13 AUGUST 1991

AUSTRALIAN SYSTEM OF TARIFF PREFERENCE EXTENSION TO THE CZECH AND SLOVAK FEDERAL REPUBLIC

Senator Button, Minister for Industry, Technology and Commerce, announced yesterday in Prague that Australia had decided to extend the Australian System of Tariff Preferences (ASTP) to the Czech and Slovak Federal Republic.

Over the past two years, historic changes both political and economic, have been taking place in Czechoslavakia as in the other countries of central Europe. This process of change, whereby Czechoslavakia resumes its rightful place

in the community of democratic nations, will not be achieved without some difficult economic and social adjustments. Substantial international support is therefore now being extended to facilitate Czechoslavakia's shift from a command to a market economy. The western democracies, including Australia, will continue to provide practical support and assistance during this period of change and adjustment.

Australia recognises that Czechoslovakia can benefit from access to Australia's market at ASTP rates. In extending ASTP status to Czechoslavakia, Australia will be joining the efforts of other democratic countries in assisting and

encouraging the adjustments which are necessary if Czechoslavakia is to develop its economy to full potential.

By 1996 when Australia's general tariff rates will have reduced to five percent, Czechoslavakia, with other countries, will enjoy duty free access for all goods apart from those covered by the passenger motor vehicle and

textile, clothing and footwear plans.

The extension of the ASTP to Czechoslavakia will take effect from 1 October 1991.

FOR MORE INFORMATION : GEOFF LEACH

(06) 277 7580

COMMONWEALTH PARLIAMENTARY LIBRARY MICAH