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Australian agvet cost recovery questioned

An Aus$8 million (US$8.2 million) increase in regulatory costs recovered from the Australian agrochemical and veterinary chemical industry would amount to a Aus$21 million (US$21.5 million) annual reduction in the country’s gross domestic product (GDP), in the absence of any discernible efficiency gains. That is the conclusion of consultants commissioned by the industry association, CropLife Australia, on the Australian Pesticides and Veterinary Medicines Authority’s (APVMA) proposed changes to its cost recovery arrangements.

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