The federal government will consider anti-dumping laws, according to reports today.
According to The Australian Financial Review, a government source said yesterday that the assistant industry minister, Bob Baldwin, gave an assurance of new anti-dumping laws to a party room meeting.
Dumping is defined by the Anti-Dumping Commission as “when an exporter sells goods to Australia at a price that is below the ‘normal value’ of the goods.”
The Coalition went to the election promising stronger laws against dumping, though these have reportedly not yet been before cabinet.
Under the expected changes, which go as far as they can “within World Trading Organisation Rules”, the burden of proof will fall be with foreign suppliers. This would be a reversal.
Some have criticised this as protectionist and in breach of WTO guidelines.