Australia to axe hundreds of nuisance tariffs from July: Treasurer

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Australia to axe hundreds of nuisance tariffs from July: Treasurer

STORY: Australia to axe hundreds of nuisance tariffs from July: Treasurer SHOOTING TIME: March 11, 2024 DATELINE: March 11, 2024 LENGTH: 00:01:54 LOCATION: SYDNEY, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of the business summit 2. SOUNDBITE (English): JIM CHALMERS, Australian Treasurer 3. various of Sydney city views STORYLINE: Australian Treasurer Jim Chalmers said on Monday that the federal government would abolish almost 500 nuisance tariffs from July 1. SOUNDBITE (English): JIM CHALMERS, Australian Treasurer "We will permanently abolish almost 500 nuisance tariffs on a vast array of imports from the 1st of July this year. We will eliminate import tariffs on hundreds of imported goods, including hand tools and toothbrushes and fridges and dishwashers and clothing and sanitary products. This is the biggest unilateral tariff reform in at least two decades. It will cut compliance costs, reduce red tape, make it easier to do business and boost productivity." According to the treasurer, the new

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