Australia provides for DFQF market access for imports from LDCs under its GSP scheme. The first Australian GSP scheme came into place in 1974. The DFQF scheme for LDCs became effective on 1 July 2003. All products are covered by the scheme.
Utilization by LDCs:
In 2017, Australia’s imports from LDCs accounted for US $993 million. In that year, 100 per cent of imports from LDCs entered Australia duty free, either under MFN or under the LDC specific preferential regime or under other preferential agreements such as FTAs.
Available Smooth Transition Procedures:
There are no formal smooth transition provisions in case of Australia’s GSP scheme. However, Australia still extends DFQF access to Maldives, Samoa and Equatorial Guinea, which graduated in 2011, 2014 and 2017 respectively.