New Zealand Aluminum exporters hail tariff move

Stuff reported that New Zealand aluminium exporters are celebrating new Australian trade barriers put up to block cheap Chinese products entering the country. Mr Gilbert Ullrich CEO of Ullrich Aluminium while speaking to the delegates at the first Aluminium Trade Expo including Mr John Key PM of News Zealand said that “The past 5 years had seen significant amounts of aluminium products from China and other Asian countries flood the market. Their dominance of the market prompted Australian Customs to impose 16% import tariff on aluminium extrusion products from China, joining Canada which already has a 39% tariff.” He said that this is a real boost to our future success in the fiercely competitive Australasian market. Mr Ullrich said that he was confident aluminium could be a sunrise industry and other industries in similar situations could take heart from Australia's milestone decision to erect new tariffs. Some of these industries have taken their cases to Customs and Governments in both NZ and Australia. The new Australian tariffs presented a wonderful opportunity to gain a share of the nearly 50% of imported aluminium product into the country. The move should also restore confidence in the local aluminium industry among bankers and other financial institutions. (Sourced from Stuff.co.nz)