Summary
Introduced with the Customs Amendment (Regional Comprehensive Economic Partnership Agreement Implementation) Bill 2021 to implement Australia's obligations under the Regional Comprehensive Economic Partnership Agreement, the bill amends the
Customs Tariff Act 1995
to: provide a free rate of customs duty for goods that are Regional Comprehensive Economic Partnership (RCEP) originating goods; specify the phasing rates of customs duty for certain RCEP originating goods that will incrementally reduce to free; maintain rates of customs duty on certain goods; and make amendments contingent on the commencement of the
Customs Tariff Amendment (2022 Harmonized System Changes) Act 2021
.