Tariffs still suit shrinking textile sector

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The issues that this article deals with are those related to the textile, clothing and footwear industry. The main point raised is that of an assistance package, which the cabinet is due to approve by November. Another issue raised is the effect that the proposed tariff reductions will have on the business and the amount of employees within this sector.

In the article Paul Moore, CEO of Pacific Brands, states "Lower tariffs will mean job cuts…we have done enough restructuring…we prefer to make our products here, but if they force us overseas, then we'll go." The Australian industry is worried about the tariffs as it will make the goods coming into Australia cheaper which may also lead to consumers buying overseas products rather than those made in Australia. However, is a positive move as it will make Australia more competitive within the TCF industry. It is hard to compete with labour intensive countries such as those within Asia as they have an extremely labour intensive population and therefore labour is cheap and plentiful. Overseas investors are drawn to those countries as it is cheap for them to produce and there is no minimum wage or specific working conditions.

The govt. is hoping that by reducing tariffs that our TCF industry will gain international competitiveness and it may also lead to overseas countries reducing the tariffs on our exports. Even though it may at first lead to a decrease in revenue for the govt. they are hoping it will later increase.

The govt. is responding to the issue of international competitiveness and imposing these tariffs as a result. The textile, clothing and footwear industry is worth $6 billion and is therefore a large part in the revenue we produce. In the December quarter of 001 alone Australia manufactured $,6m in exports.

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Since the early 10's the percentage of household expenditure on TCF's dropped from 4. to . per cent, while value added fell by 4 per cent in real terms. Although as tariffs on imported clothes have fallen from 55 per cent in 10 to 5 per cent today, and form 45 per cent to 15 per cent on footwear, the market share of imported clothing has gone form 1 per cent to 45 per cent, and from 6 per cent to 65 per cent for imported footwear and leather goods. This, however, has led to a 40 per cent drop in employment by TCF manufacturing firms to about 58,000 people by June 001.

The govt. is now planning another round of tariff cuts, and the largest package this industry has ever received- a five year, $678m subsidy scheme. The cabinet is also set to approve a new industry plan by November. The govt. is trying to get our manufacturing companies to focus on the Niche markets within the manufacturing industry, e.g. RM Williams boots and Drizabone clothing, in order to compete, as we are never going to be able to compete against our Asian competitors by making shirts and singlets.

Although unions within the TCF industry will try to appeal it, the govt. is still going to go ahead with the tariff cuts. This, although it may lead to some unemployment, will allow us to become a great deal more competitive within the industry, and against our Asian neighbours. The govt is using its assistance package to try sustaining employment within the industry.

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