You are using an older browser version. Please use a supported version for the best MSN experience.

Govt to change anti-dumping laws

NZ NewswireNZ Newswire 8/06/2016

Anti-dumping laws are going to be changed to allow goods into the country without duties imposed on them if it's considered consumers will benefit.

Goods are considered dumped if the export price to New Zealand is less than the price they are sold for in their home market.

A duty or a financial penalty is imposed on those products which harm New Zealand manufacturers.

Commerce and Consumer Affairs Minister Paul Goldsmith has introduced a bill that will bring in a new consumer test to weigh up the benefits of dumped products.

"By introducing a public interest test the regime can now consider if consumers are benefiting from lower prices, more choice, availability and quality and whether this outweighs the effect on industry," he said on Wednesday.

"The current Act does not take this public interest into consideration."

Mr Goldsmith's Anti-Dumping and Countervailing Duties Bill will go on parliament's agenda for a first reading.

image beaconimage beaconimage beacon