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Joint statement - the prime minister, John Howard, the Treasurer, Peter Costello the minister for industry, John Moore - Automotive Industry



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JOINT STATEMENT

THE PRIME MINISTER, JOHN HOWARD THE TREASURER, PETER COSTELLO THE MINISTER FOR INDUSTRY, JOHN MOORE

AUTOMOTIVE INDUSTRY

The Government has decided on the following arrangements in relation to tariffs and the motor vehicle industry:-

• The current schedule for PMV tariff phasing will continue through to 2000

- from 1 January 2000 the tariff will be at 15 per cent and will remain at that level for the next 5 years.

- there will be no differentiation for micro/light vehicles and four wheel drive vehicles. Light commercial vehicles will remain at 5 per cent.

• The Government will legislate forthwith for the tariff to be reduced to 10 per cent on 1 January 2005.

• There will be a review in 2005 which will take account of our APEC commitments and progress on market access.

• A WTO-consistent program will be introduced to replace the Export Facilitation Scheme when it expires in 2000 and will run to 2005.

• The Duty Free Allowance will continue at 15 per cent.

• The Government will introduce a market access strategy including the establishment of a new Automotive Trade Council, the appointment of a specialist trade access negotiator and a market development package worth $20 million over four years.

• There will also be an environmental strategy, including measures to phase out the use of leaded fuel by 2010 and the development of an industry code of environmental performance.

Contacts: David Gazard Anthony Smith Cheryl Cartwright

Prime Minister’s office Treasurer’s office Minister’s office 06/2777744 06/2777340 06/2777580

5 June 1997 Canberra

COMMONWEALTH PARLIAMENTARY LIBRARY