Best way to economic development

Title

Identifier

Tariff preferences

Language

English

Source

The Philippines Herald (November 12, 1970)

Year

1970

Rights

In Copyright - Educational Use Permitted

Fulltext

Tariff Preferences Best Way To Economic Development Talk Chemicals With The Australians In Manila — Dec. 3-5 i The Australian Chemical i Industries Trade Mission. Representing every aspect i of a fast-growing industry, ? with a wide range of products. These men are experts in their field. You’ll find it well worth while talking chemicals with them. Make an appointment "J to see them now. W. S. Duffield (above) Laporte Australia Ltd. Mission Leader AT. M. Clout ICIANZ Limited. Industrial chemicals. C. J. Finch Lockwood Magrath Pty. Ltd. Flavours, essences,fragrance bases, essential oils, aromatic chemicals. R. H. George Laporte Australia Ltd. Titanium dioxide, universal colorants, hydrogen peroxide, peroxide derivatives, primary amines. I. S. Johnston Tonwell Ply. Ltd. and Charles H. R. Johnston Pty. Ltd. Phenolics, alkyds, polyester dough, moulding compounds, melamine-phenolic for domestic and Industrial applications. P. B. Lawson C.S.R. Chemicals Ltd. Industrial chemicals for plastics, paints and adhesive Industries. M. Goodman Cambridge Laboratories Ply. Ltd. Pharmaceuticals and patent medicines. H. C. Greenough Bostik Australia Pty. Ltd. Industrial adhesives and sealers, shoe trade chemicals, textile chemicals. P. Hemming Fawns & McAllan Pty. Ltd. Ethical pharmaceuticals, patent medicines, contract manufacturing. G. Ozols Beith Chemical Materials Ltd. Specialty chemicals, polyester resins and retail products. G. D. Pollock Industrial Products Group, United Packages Limited. Soluble potassium and sodium silicates (rock and solutions), sodium metasilicate pentahydrate (fines & granules). T. Reynolds Bevaloid Australia Pty. Limited. Specialty chemicals for paint, paper, textile and leather trades. C. L. L. Thomas Albright & Wilson (Aust.) Ltd. Chemical raw materials for detergent, food, plastics and other industries. J. G. Watt Mission Manager Australian Department of Trade & Industry. Arrange for your appointment now Contact Commercial Counsellor Australian Embassy - L & S Building 1414 Roxas Boulevard Manila. Phone: 59-2036 Australian Department of Trade and Industry Australia is committed to the principle that ex* ponded trade is the best way to economic develop ment. In 1966, Australia took a significant internatio nal initiative with its system of tariff preferences for developing countries. The primary objective of the sys tem Is to assist developing countries to compete In the Australian market against imports of manufactured and semi-manufactured goods from the more highly industrialized countries. Under the system, Imports of spe cific items from developing countries are admitted at preferential rates of duty within the limits of annual quo tas. These quotas initially totalled $A13.3 million. However, with successive ex tensions of the system, the total va lue of available quotas reached $A47.0 million on July 1st, 1970. In addition, certain traditional, hand-made products of cottage indus tries are admitted duty-free without quota limitation. In general, the spe cified handicraft products do not di rectly compete against either Austra lian production or imports from the Industrialized countries. Imports.of handicraft items have risen from $A0.G million in 1966/67 to $A2.5 mil lion in 1969/70. Requests for the extension of pre ferences to additional products may be made by any interested party. These requests are mainly received from the Governments or prospective exporters in developing countries or from importers in Australia Some four months beiore the be ginning of each quota period, invita tions to apply for quota allocations are circulated in Customs and Excise Notices issued by the Australian De partment of Customs and Excise. The Notices have a wide distribution among Australian importers, customs agents and all Trade Commissioner Posts overseas. At the beginning of each quota period, the Australian De partment of Customs and Excise makes allocations to Importers who have applied for quotas. To minimize Brief Description Chairs and lounges oj wicker, cane and bamboo. Twine and cordage Electric fans Refrigerators of less than 7 cu ft. internal capacity Primary cells and batteries. Primary cells and batteries. Confectionary Domestic sewing machine heads Misc. sporting goods Toys Equipment for parlor, table and funfare games Hinges Unworked glass, cast rolled, drawn or blown Glassware (g.g. ashtrays, goblets, vases, etc.) Tubes, pipes Lamps, lighting fittings, etc., of base metal. Other furniture. Handicraft products * Preliminary Statistics. wastage of quotas, and as a safe guard against speculation, quota holders are required to submit evi dence of intention to Import, and of availability. If this evidence Is not provided, the allocation Is cancelled and re-allocated. Applications for quota normally should be lodged prior to the commencement of the quota period. However. It has been found to date that, for many quota groups, applications have been for less than the total quota available. Conse quently, late applications for these groups have been accepted and often met In full. An important aspect — from the point of view of the potential export er to Australia — is that quotas un der the system are allocated only to Importers in Australia. Thus overseas exporters wishing to benefit from the preferences system must first make contact with importers in Australia (or, alternatively, establish an import agency or their own importing orga nization in Australia to handle their products). In this respect the Asso ciated Chambers of Commerce of Aus tralia and Chambers of Commerce in all State capital cities are prepared to pass on to interested members any enquiries, provided clear and specific reference is made to the Australian system of tariff preferences for de veloping countries Several countries in the South East Aslan area are already making use of the preferences system, including Hong Kong. Taiwan, the Philippines, Singapore, Malaysia and Indonesia, and experts to Australia under the system are expected to increase stea dily as manufacturers learn more about the opportunities available. Some of the larger Imports into Australia under the system during 1969-70 from the South East Asian region were as follows:— Country of Origin Value of Imports * Philippines $A66,800 Philippines 6,300 Hongkong 85,000 Singapore 58,500 Hongkong 34,300 Malaysia 15,800 Hongkong 31,800 Taiwan 17,900 Taiwan' 29,000 Singapore 26,700 Hongkong 38,500 Hongkong 17,300 Taiwan 82,800 Taiwan 29,400 Taiwan 48,200 Hongkong 12,000 Philippines 91,400 Philippines 616,200 Page 14 AUSTRALIAN SUPPLEMENT Thursday, November 12, 1970

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14

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