Shipbuilding changes
PA Wellington Protections for the New Zealand shipbuilding industry are to be removed or reduced. Import licensing on the shipbuilding industry will be lifted and bounties for commercial vessel construction phased out, the Minister of Trade and Industry, Mr Caygill, said yesterday. All new and second-hand vessels will be exempt from import licensing from January 1 next year. The changes follow a review of the Ship building Industry Development Plan and from January 1 vessels which come under the plan will be included in the
Government’s programme of tariff reductions. The commercial vessel construction bounty will be reduced from the current 10 per cent to 5 per cent next March and removed altogether in March, 1990. The gradual withdrawal of the bounty scheme would hopefully provide the shipbuilding inudstry with additional time to adjust to the reduced protection, Mr Caygill said in a statement. Second-hand deep sea fishing vessels over 25m long will be exempt from duty when imported. Until now this concession has been confined to vessels over 27m.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19880824.2.44
Bibliographic details
Press, 24 August 1988, Page 6
Word Count
172Shipbuilding changes Press, 24 August 1988, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.