Australia to abolish almost 500 tariffs from 1 July 2024 ...Middle East

Australia's Treasurer, Jim Chalmers, said the government will remove import tariffs on a wide range of goodsan effort to cut compliance costs for businessesbring relief to consumers coping with higher living costsremoving the tariffs will streamline about A$8.5 billion worth of annual trade and save businesses over A$30 million in compliance costs each year "(government) will abolish almost 500 nuisance tariffs from 1 July this year ... these reforms are an important step towards simplifying Australia's trading system"Chalmers also says he sees larger pressure on the budget in the medium term.AUD opening the week steadily: This article was written by Eamonn Sheridan at www.f

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