Australia ready to bring China to WTO on tariffs

By on May 28, 2021 0


Loading

Diplomatic relations between Canberra and Beijing are at their lowest in decades, with China imposing more than $ 20 billion in tariffs in response to a number of measures taken by Australia, including the call for a Global investigation into the origins of COVID-19 and the ban of Chinese telecommunications giant Huawei from its 5G deployment.

Beijing has imposed a series of tariffs and trade strikes on Australian products, including barley, wine, beef, lobster and timber.

Some members of the local wine industry have expressed concern that the American company Accolade Wines is not supporting the move to take action at the WTO.

But in recent weeks, senior government officials have met with the company, which sells iconic Australian labels like Hardy’s and Grant Burge, and the government has been assured it will take a neutral stance and not campaign against the push.

The government will now take the next few weeks to go through the internal formal decision-making process to launch WTO action on wine tariffs.

Mr. Tehan said the government “is working closely with the wine industry to resolve the current dispute with China over the imposition of anti-dumping and countervailing duties.”

“I thank the wine industry for the constructive way in which it has cooperated with the government,” he said.

“When it comes to trade disputes, our government will take a principled approach and we are working closely with the wine industry on the next step we will take in trying to resolve this dispute.

Start your day informed

Our Morning Edition newsletter is an organized guide to the most important and interesting stories, analysis and ideas. Have it delivered to your inbox.



Source link