Industry, unions warn of fresh wave of ‘dumped’ foreign imports

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The coronavirus-induced economic downturn has fuelled a global oversupply of steel, paper, alloy, glass, processed food and solar panels among other products

Business groups and unions are warning of a fresh flood of cheap foreign imports into Australia amid concerns the nation’s anti-dumping authority is not well enough resourced to safeguard domestic industries.

CFMEU manufacturing division national secretary Michael O’Connor said the Commonwealth funding allocation to the commission last year fell to $11.6 million, down 5 per cent on the previous year. Mr O’Connor said the current climate represented a distinct risk of accelerating the decline in Australia’s sovereign manufacturing capability. The union is calling for a 35 per cent increase in funding, matching Labor’s pledge at the 2019 election.

“The need for our system to be effective and well-resourced is a principle that has enjoyed bipartisan political support in Australia in recent years,” he said. “We should not be naive about the threat to local industry and jobs when others do not play by the same rules or hold themselves to the same standard as Australia does.”

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Then store them, they are assets.

You could never have an oversupply of solar panels until, say, 2050. 🤔

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