Stamp out the anti-dumping dinosaur laws

Despite its connotations, ‘dumping’ by foreign producers benefits Australia, overall. The government's enhanced anti-dumping system will be a step backwards.

From July this year, a new federal bureaucracy will be working hard to raise the prices of imported goods for Australian consumers and producers. The government has established the Anti-Dumping Commission and committed extra resources to the task of identifying and imposing extra duties on imports deemed too cheap under Australia’s anti-dumping laws.

Dumping is a legal rather than an economic concept. Dumping is said to occur when foreign producers export goods at prices below ‘normal value’ in the country of origin.

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