Statement of Government Policy in Relation to the Abrasive Discs and Wheels Industry To: Temporary Safeguard Authority. Pursuant to section 6 (1) (d) of the Temporary Safeguard Authorities Act 1987, I, Philip Burdon, Minister of Commerce, advise that, in considering whether an industry has suffered or is likely to suffer material injury as a result of the importation of abrasive discs and wheels, you should have regard to the following Government policies: Levels of industry assistance are being progressively reduced to encourage greater levels of international competitiveness. In relation to abrasive grinding discs and wheels, this policy has been reflected in the removal of import licensing on 1 July 1988 and the staged reduction of the normal ad valorem duty from 14% in 1993 to 9.5% by 1 July 1996. The determination of any injury and any appropriate temporary remedies should be compatible with New Zealand's international obligations under the Australia New Zealand Closer Economic Relations Trade Agreement (ANZCERTA), the South Pacific Regional Trade and Economic Cooperation Agreement (SPARTECA) and the General Agreement on Tariffs and Trade (GATT). Dated at Wellington this 18th day of December 1994. PHILIP BURDON, Minister of Commerce.