Latest News; CHAFTA, India & Taiwan Dumping Investigation and DP World Terminal Presentation
China-Australia Free Trade Agreement
Australian Trade and Investment Minister Andrew Robb and Chinese Commerce Minister Gao Hucheng signed the China-Australia Free Trade Agreement (CHAFTA) in Canberra on 17 June 2015. Informative reading and CHAFTA commentary provided by Russell Wiese of Hunt & Hunt Lawyers can be found here and Andrew Hudson of Gadens can be found here.
While CHAFTA has been signed it has not entered into force as yet, a possible implementation date is 1st January 2016 subject to being put before a senate committee.
• Further details can be found at the Implementation Processes and Timeline factsheet.
• The text of the Agreement and other support documents are available here.
• A full list of tariff commitments provided by the agreement can be found here
Anti-Dumping Investigation of GALV Steel Coil from India and Taiwan
The statement of essential facts (SEF249) into the Anti-Dumping Investigation of GALV Steel Coil from India and Taiwan was released earlier this week in which the Commissioner has proposed to terminate the investigation. To quote the summary provided on page 5.
“Based on the findings in this SEF, and subject to any submissions received in response to this SEF, the Commissioner proposes to terminate the investigation.
The Commission notes that dumping duties will be recommended when:
• goods have been exported to Australia at dumped prices – dumping occurs where the export price is lower than the normal value in the country of export (normal value is usually based on domestic selling prices or costs); and
• the dumping has caused material injury to the Australian industry producing like goods.
In this case, the Commission has found that particular exporters from India and Vietnam were dumping. The volume of dumped goods from Vietnam was negligible. After considering a range of factors relating to dumped goods from India, including the magnitude of the dumping margins and the volume of dumped goods, the Commission is satisfied that the dumping has not caused material injury to the Australian industry.”
DP World Brisbane Terminal Familiarisation Presentation
DP World released a Terminal Familiarisation Presentation which relates to the automated Brisbane Terminal. It provides and interesting view into the workings, layout, safety and technology driving its operations and helps gain further understanding on terminal ops for those which may not have been exposed to such.
The presentation can be found here.
If you require any further information, please do not hesitate to contact your local SILA representative.