Home / Knowledge / News / Textiles / ACCI welcomes textiles and car tariff reductions
ACCI welcomes textiles and car tariff reductions
Jan '10
The Australian Chamber of Commerce and Industry (ACCI), Australia's largest and most representative business organisation, has welcomed the import tariff reductions which commence today.

Tariffs applying to passenger motor vehicles and parts components will be cut from 10% to 5%.

Overall tariffs applying to Textiles, clothing and footwear (TCF) goods will also be cut, with tariffs for clothing and finished textiles reduced from 17.5% to 10%, and tariffs for textiles and footwear reduced from 10% or 7.5% to 5%. “These tariff cuts are good news for Australian businesses and consumers, and will help to stimulate domestic demand in the first part of 2010.”

“Lower tariffs mean lower input prices for Australian businesses and of course lower prices for consumers. Sensibly timed tariff reform also provides a more sustainable basis for industry and employment.”

“ACCI is a strong supporter of managed reductions in tariffs on manufactured goods as a driver for innovation, competition and productivity.”

These reductions are part of the scheduled wind down in tariff assistance provided to both industries and continue the structural adjustment process these industries have been undergoing since the mid-1980s. The Bracks Review indicated that a reduction in Australia's automotive tariffs from 10% to 5% could provide net benefits to the economy of around $0.5 billion a year.

Australian Chamber of Commerce and Industry (ACCI)

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search