The CFMEU, Australian Industry Group, and others are pushing for stricter anti-dumping laws, The Australian reports.
The Gillard federal government has appointed former Victorian premier and treasurer John Brumby to investigate the current anti-dumping regime and look at the feasibility of creating a Commonwealth Anti-Dumping Agency.
“John Brumby brings formidable public policy experience to this role,” announced Jason Clare, Home Affairs and Justice Minister, earlier in the year.
“He understands economic issues deeply, having served as both the Premier and Treasurer of Victoria over the course of a decade.“He also understands the particular pressures faced by the Australian manufacturing sector.”
“Companies under the existing regime have to spent a lot of money taking an anti-dumping case, and it can take up to 18 months or two years,” the CFMEU’s national secretary Michael O’Connor told The Australian.
The Australian Industry Group will tell Brumby that the high Australian dollar, weak global economy and an ineffective regime have all left Australian companies vulnerable to dumpers.
Any new system considered would have to comply with Australia’s current World Trade Organization obligations.