PM Transcripts

Transcripts from the Prime Ministers of Australia

Transcript 10865

TCF PACKAGE: KEY ELEMENTS

Photo of Howard, John

Howard, John

Period of Service: 11/03/1996 to 03/12/2007

More information about Howard, John on The National Archive website.

Release Date: 30/06/2000

Release Type: Media Release

Transcript ID: 10865

Tariffs

1997

1998

1999

2000

2001

2002

2003

2004

2005

Clothing & finished textiles

34

31

28

25

25

25

25

25

17.5

Cotton sheeting & fabrics

22

19

17

15

15

15

15

15

10

Sleeping bags, table linen

13

12

11

10

10

10

10

10

7.5

Carpet

21

19

17

15

15

15

15

15

10

Footwear

24

21

18

15

15

15

15

15

10

Footwear parts

17

14

12

10

10

10

10

10

7.5

Other (eg. yarns, leather)

5

5

5

5

5

5

5

5

5

Note: Tariff reductions occur on 1 July annually. Reductions in 2005

will apply from 1 January.

Import Credit Scheme to terminate, as scheduled, on 30 June 2000.

Action Agendas

Develop forward looking action agendas with industry for wool, cotton,

leather, and fashion to identify what can be done to make more use

of Australia's natural advantages and skills in these areas.

These agendas will identify specific measures that can be taken to

promote stronger investment and innovation and to improve our access

to international markets.

Investment

A new TCF Investment Programme designed to encourage TCF companies

to become more internationally competitive and better exploit Australia's

natural advantage in raw materials such as wool and cotton.

Innovation

Establish a $10 million TCF Technology Development Fund to promote

the development of new technology related to the use of Australian

materials.

Provide up to $10 million for the establishment of a national centre

of excellence for TCF training.

Market Development

Establish a TCF Market Development Programme with funding of $2.5

million per year to develop and implement firm based strategies to

increase export capabilities.

Overseas Assembly Programme

Continue the Overseas Assembly Programme and extend to provide improved

access by including:

* conversion offshore of cut or uncut fabrics and leather into

finished goods; and

* some post assembly operations to be undertaken overseas.

TCF Policy By-Laws

Provision for duty free importation to continue, but anomalies with

existing TCF by-law and tariff concessions to be examined.

Adjustment Assistance

Use existing programmes for regional adjustment and other appropriate

programmes to provide assistance for displaced TCF workers.

Review

There will be a review in 2005 which will take account of our APEC

commitments and progress on market access.

Transcript 10865