- Analytics
- News and Tools
- Market News
- Australia weighs taking China to the WTO again — this time for a dispute over wine
Australia weighs taking China to the WTO again — this time for a dispute over wine
CNBC reports that Trade Minister Dan Tehan told that Australia is considering whether it should get the World Trade Organization involved in an ongoing dispute with China.
China’s commerce ministry in March announced anti-dumping tariffs between 116.2% and 218.4% on Australian wine imports — measures that are set to last for five years. Last year, it launched an anti-dumping probe into wine imports from Down Under and introduced preliminary duties.
Separately, China levied additional temporary tariffs of around 6.3% to 6.4% in December, following a different probe into Australian wine subsidy schemes.
“We have worked very closely with the Australian wine industry to understand the injury that has been caused by the actions that China’s taken,” Tehan, who is also the minister for tourism and investment, said.
“We’ll be making an announcement on whether we will go to the WTO with regards to wine in the coming weeks,” he said.
Australia is one of the few developed countries in the world that exports more than it imports to China. Relations between Canberra and Beijing soured last year after Australia supported a call for an international inquiry into China’s handling of the coronavirus pandemic.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
