Removal of Nuisance Tariffs in Australia

The chapter explores the removal of nearly 500 nuisance tariffs in Australia, which were deemed to be more burdensome in compliance costs than beneficial in revenue generation. It discusses the potential impact on businesses and consumers by potentially reducing prices on a variety of goods ranging from washing machines to x-ray film. The conversation also emphasizes the benefits of eliminating tariffs in terms of reducing compliance costs and distorting trade, highlighting Australia's standpoint as a small, open trading economy amidst a global trend towards protectionism.