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New Zealand revises anti-dumping measures
07/09/2015 12:00
The minister of commerce and consumer affairs has announced that New Zealand's strict anti-dumping regulation may be relaxed, giving those in legal jobs in New Zealand something to keep a careful eye on.
Paul Goldsmith will lead a test into the current system with the focus on the interests of New Zealand consumers.
"We want to ensure that we have a competitive market where consumers get the best value for their money," he said.
"These decisions aim to strike a balance between encouraging competition, while protecting manufacturers from dumping."
While Mr Goldsmith believes that the interests of local businesses have been carefully considered in the forthcoming plans, there are concerns that new measures may leave local manufacturers on an unfair playing field.
Business NZ Executive Director of Manufacturing Catherine Beard told the Herald that New Zealand is one of the least protected economies in the world in an August 29 article. Beard explained that companies needed support from the government to compete with countries receiving a high amount of government assistance.
However, Mr Goldsmith stated that he had consulted with representatives from industries around the country, including the Hawkes Bay Fruitgrowers Association. Reactions to the proposed changes have been mixed but Mr Goldsmith has revised his plans in accordance to the feedback.
One of the new measures that has been taken out of consideration is an automatic termination period (ATP) on anti-dumping duties. The intention behind this measure was to provide value to consumers, but, after many industries expressing this would put them under undue risk, the measure was scrapped.
The government will continue to take feedback from the public on this critical issue over the next few months. Therefore, it is important for lawyers in New Zealand to put forward their suggestions on behalf of their clients' companies to ensure they are protected from any possible debilitating legal changes.
Paul Goldsmith will lead a test into the current system with the focus on the interests of New Zealand consumers.
"We want to ensure that we have a competitive market where consumers get the best value for their money," he said.
"These decisions aim to strike a balance between encouraging competition, while protecting manufacturers from dumping."
While Mr Goldsmith believes that the interests of local businesses have been carefully considered in the forthcoming plans, there are concerns that new measures may leave local manufacturers on an unfair playing field.
Business NZ Executive Director of Manufacturing Catherine Beard told the Herald that New Zealand is one of the least protected economies in the world in an August 29 article. Beard explained that companies needed support from the government to compete with countries receiving a high amount of government assistance.
However, Mr Goldsmith stated that he had consulted with representatives from industries around the country, including the Hawkes Bay Fruitgrowers Association. Reactions to the proposed changes have been mixed but Mr Goldsmith has revised his plans in accordance to the feedback.
One of the new measures that has been taken out of consideration is an automatic termination period (ATP) on anti-dumping duties. The intention behind this measure was to provide value to consumers, but, after many industries expressing this would put them under undue risk, the measure was scrapped.
The government will continue to take feedback from the public on this critical issue over the next few months. Therefore, it is important for lawyers in New Zealand to put forward their suggestions on behalf of their clients' companies to ensure they are protected from any possible debilitating legal changes.
Sep 1, 2015
Source: jlegal.com
Source: jlegal.com
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