Protection in Australia (HSC SSCE Economics): Flashcards
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1973 tariff reduction % by Whitlam Govt
1973 tariff reduction % by Whitlam Govt
25%
Year comprehensive tariff reform program began
Year comprehensive tariff reform program began
1988
Avg tariff rate fall: 1968-9 to 2023
Avg tariff rate fall: 1968-9 to 2023
36% to 0.5%
% of imports entering Australia tariff-free
% of imports entering Australia tariff-free
Nearly 90%
General tariff rate for remaining manufactured goods
General tariff rate for remaining manufactured goods
5% or less
Subsidies as % of farm income in Australia
Subsidies as % of farm income in Australia
Less than 3%
Year EMDG scheme was established
Year EMDG scheme was established
1974
Number of exporters supported by EMDG scheme
Number of exporters supported by EMDG scheme
Over 51,000
China's tariff rate on Aus wine/barley in 2020 (%)
China's tariff rate on Aus wine/barley in 2020 (%)
80-200%
Year final tariff cuts for motor vehicles occurred
Year final tariff cuts for motor vehicles occurred
2015