AUSTRALIA has reduced the local content requirement for all garments exported to Australia under the SPARTECA-TCF scheme.
This means that from February 23, garments will only require 25 per cent of raw of materials sourced from within Fiji to qualify for duty-free export to Australia under the scheme.
The Minimum Local Area Content requirement stands at 35 per cent.
According to a statement from the Australian High Commission, this reduction does not include wool and wool-blend fabrics.
Australian High Commissioner to Fiji James Batley said the reduction was good news for our garment industry
