In our latest newsletter we introduce the concept of ‘equivalency’. This is a term that Paul Matthew coined, which is a way to try to describe why it is so difficult to compare imported chicken with local chicken. Tariffs on imported chicken are set on various cuts of chicken – sections such as wings, drumsticks, white meat and brown meat.
However, local chicken is not necessarily classified the same. Therefore it is very difficult to compare the different cuts of chicken that are either locally-produced or imported, as they are completely different.
We will be unpacking this concept of ‘equivalency’ in the New Year, especially with reference to the ongoing ITAC (International Trade Administration Commission) investigation into dumping.
Watch our video above that explains the concept.