ANNOUNCEMENT 04 Jul 2022

The Australian Prime Minister has imposed a ban on imports of Russian gold and exempted import duty on imports from Ukraine to Australia.

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Media Release of the Prime Minister - 4 July 2022
https://www.pm.gov.au/media/visit-kyiv-and-further-australian-support-ukraine

Australian Border Force - Customs Notice No. 2022/32 published on 11 July 2022 (accessed on 11 August 2022)
https://www.abf.gov.au/help-and-support-subsite/CustomsNotices/2022-32.pdf

Inception date: 04 Jul 2022 | Removal date: open ended

Import ban

On 4 July 2022, the Prime Minister of Australia announced that Australia will prohibit the imports of Russian gold. The PM said the intent of the prohibition is to reduce Russia's ability to fund the country's invasion of Ukraine.

The Minister has also announced duty-free access for Ukrainian imports to Australia (see related intervention)

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
Inception date: 04 Jul 2022 | Removal date: 03 Jul 2023

Import tariff

On 4 July 2022, the Prime Minister of Australia announced that Australia will provide duty-free access to imports from Ukraine. The press release notes that this enhanced market access has been provided in response to Russia's invasion of Ukraine.

The announcement was made after the minister's visit to Ukraine on 3rd July 2022.

The affected tariff lines have been taken from the WTO tariff database. These tariff lines generally have an MFN customs duty rate of 5%, but some tariff lines also have a duty of 2.5% or 4%.

The Australian Customs Notice No. 2022/32 was published on 11 July 2022 to put this intervention into effect. According to the Notice, the duty exemption will be applicable from 4 July 2022 for a period of 1 year.

 
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