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Review of valuation and anti-dumping legislation



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FOR PRESS

REVIEW OF VALUATION AND ANTI-DUMPING LEGISLATION

Joint Statement by the Minister for Customs and Excise, Senator the Honourable Lionel Murphy, Q.C. and the Minister for Secondary Industry, the Honourable J.F. Cairns, M.P.

The Minister for Customs and Excise and the Minister for Secondary Industry, today announced that an Interdepartmental Committee was being established to examine and report to the Government on the desirability of Australia adopting the

internationally recognised system of Customs valuation, the Brussels Definition of Value. The Committee will be chaired by the Department of Customs and Excise and is to comprise representatives from the Departments of the Prime Minister and Cabinet, the Treasury, Overseas Trade and Secondary Industry,

The Ministers stated that the need for the examination arose out of the increasing difficulties being experienced in applying the current valuation provisions of the Customs Act, which were introduced in 1922, to the complexities of modern

commercial practices.

The Ministers also announced that because of the close relationship that exists between dumping and valuation provisions, a review of Australian anti-dumping legislation would be carried out by the Committee, This review would include an examination

of the feasibility of Australia adopting the internationally recognised GATT anti-dumping code.

The Ministers added that because of the important role played by valuation and dumping in Australia's tariff system the Committee would be inviting representations from any interested parties. Details of the procedures for making representations and information on the main features of the Brussels Definition of Value and the GATT anti-dumping code

are available from the Department of Customs and Excise.

The Ministers concluded that the Committee is required to report to the Government on both matters not later than 1 December 1973.

CANBERRA A.C.T.

3 July 1973 52/73 O.T.