This week, there have been a number of news reports around possible changes to trade agreements between various countries. With so much interest in trade, it seemed the ideal time to share this fascinating glimpse into the history of trade in Sydney, and in Australia more generally.
The image above, showing Snails Bay in Birchgrove, provides an amazing glimpse into the history of Australian tariff policy. The image, which shows a freighter unloading Canadian lumber offshore in order to avoid the tariff on Canadian lumber, particularly highlights the lengths that some importers were willing to go to in order to avoid paying the import tariffs on various products, in this case, Canadian wood.
In the 1930s tariffs on goods imported to Australia were substantially increased in order to protect Australian industry and employment. This was the time of the Great Depression, and the tariffs were an attempt to not only protect Australian industries and workers, but also to deal with various problems associated with international payments. Many of these tariffs remained unchanged until the 1970s, and the tariffs on imported wood still appear to be debated today.