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On 15 May 2014, the Government announced a temporary suspension of import barriers on residential construction materials. From 1 June 2014 the application of anti-dumping duties (ADD) to a wide range of residential building materials will be suspended for 3 years. During this time no new anti-dumping duties can be imposed on the building materials covered by the suspension. The following anti-dumping duties currently in place will also be suspended from 1 June 2014:
From 1 July 2014 a tariff concessions scheme will be introduced for a range of goods used in the construction of residential houses. Details of the scheme are expected to be published in the New Zealand Gazette on 26 June and more information will be provided at that time on the Customs website. The tariff concessions scheme will be reviewed after five years. In addition, the Government has asked officials to develop a bounded public interest test for the anti-dumping and countervailing duties legislation. Such a test would allow the Minister of Commerce to take into account specific public interest factors when deciding whether or not to impose a duty (currently there are no public interest elements to the test). The Government will consult further on what such a test should look like before deciding on any changes to the legislation. More information on these changes can be found on the Ministry of Business, Innovation and Employment’s website. |
