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Trade (Anti-dumping and Countervailing Duties) Amendment Bill

Introduced on June 8. This Bill introduces a public interest test into the anti-dumping and countervailing duties regime. This involves an assessment of the extent whether the cost of imposing a duty would materially outweigh the benefit of imposing that duty. The test would allow for broader public interest elements, such as competition and consumer welfare, to be considered before an anti-dumping or a countervailing duty is imposed. This Bill also introduces a provision allowing an anti-dumping and countervailing duty to be deferred, not imposed, terminated, or suspended if users of the goods that are subject (or potentially subject) to the duty have been significantly impacted by a natural disaster or other emergency. First reading interrupted on June 15 and completed on June 28 with just the Greens opposed saying it would threaten local jobs. Referred to the Commerce Committee for consideration. Reported back on December 9 with votes tied on the committee and  it unable to agree on whether the bill be passed. Labour, the Greens , and NZ First Parties opposed the new public interest test arguing it would weakens protections for NZ businesses from unfair international competition. Second reading interrupted on February 7 with the Govt indicating it would progress with the Bill in its original form. Labour, Greens and NZ First MPs indicated opposition to the Bill. Completed second reading on February 14 with National, Maori Party, ACT and United Future in support. Completed committee stage on May 23 with no substantive changes. National MPs argued the public interest test would probably only be applied during national emergencies. Opposition parties still argued it would encourage the dumping of goods to local businesses detriment. Third reading completed on May 24 with National, ACT and United Future in favour.  Trade (Anti-dumping and Countervailing Duties) Amendment Bill