Fed: PM announces tariff package
CANBERRA, Dec 13 AAP - Prime Minister John Howard said today tariffs for passengervehicles and related components would remain at 10 per cent until December 31, 2009.
Mr Howard and Industry Minister Ian MacFarlane were today unveiling a multi-billiondollar package of assistance measures for the car industry after cabinet backed proposalsin a Productivity Commission report.
"This package is important not only to the car industry, it's very important to thecomponent industry and very significantly it's important because it delivers job securityfor the thousands of Australian men and women who are employed in the motor manufacturingindustry," Mr Howard told reporters.
The government package relates to the period after 2005, when current assistance arrangementsexpire.
"It will provide certainty to the industry, at least to 2015 and beyond," he said.
"After falling from 15 per cent to 10 per cent on the first of January 2005, tariffson passenger motor vehicles and related components will remain at 10 per cent until the31st of December, 2009."
"On the 1st of January, 2010, tariffs will fall to five per cent, and to support this,the government will extend the highly successful Automotive Competitiveness and InvestmentScheme."
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KEYWORD: TARIFFS HOWARD LEAD
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