AUSTRALIA: Textile Plan Starts To Unravel
The Australian Government had planned to assist the beleaguered Australian textile industry. However, in mid-February 2001, the Government is being besieged by hundreds of claims and veiled threats of legal action. The plan, which was to have granted the textile industry $A700m over five years, has received claims for more than $A300m in its first year alone. The Australian Department of Industry, Science & Resources has decided to cut first-year payments by 50 per cent, which has resulted in a massive outcry.
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