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I.A.C. report on the cord fabrics

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The Minister for Industry and Commerce, Mr Phillip Lynch, and the Minister for Business and Consumer Affairs, Mr Wal. Fife, today announced the assistance arrangements to apply to the local tyre cord fabric industry until mid-1980.

This followed the Government's consideration of the Industries Assistance Commission's report on Tyre Cord Fabrics.

The Ministers said that the Commission had been.asked to report on the long-term assistance needs of the. local tyre cord fabric sector.

This followed the Government's decision of 12 August 1977 to introduce emergency assistance measures on polyamide and polyester tyre cord fabrics, in accordance with recommendations made by the Temporary Assistance Authority in its report of 26 May, 1977·

Ministers said the Government had accepted the Commission's recommendations in principle that tariff quotas should continue to apply on these fabrics to mid-1980.

The current basis of tariff quota allocation would continue until 28 February, 1979» and for the first quota period after that date allocations would be related to goods entered for home consumption in the 12 months period ended 30 June, 1978,

In subsequent quota periods allocations would be related to goods entered for home consumption in the 18 months ended 31 December, 1978.

Tariff quota levels after 1 March, 1979> would be subject to review in accordance with the principles and procedures of the three-year program of assistance for the textiles, clothing and footwear industries.

Ministers also said that the current additional duty of $2 per kilogram for imports cleared for home consumption outside tariff quota entitlements would reduce to $1 per kilogram from 1 July, 1978.

The administrative changes arising from the Government's decision will be announced by the Department of Business and Consumer Affairs by means of a Bureau of Customs Notice as soon as possible.

Copies of the Commission's report will be made available at Australian Government Publishing Service retail bookshops in each of the capital cities.


3 March, 1978