Australia takes wine dispute with China to WTO

  • Australia takes wine dispute with China to WTO

Australia takes wine dispute with China to WTO

In late November, 2020, the Chinese Ministry of Commerce announced introducing tariffs up to 212.1 percent on Australian wine imports, following a probe into alleged dumping practices by Australia, initiated at the behest of Chinese winemakers.

Trade Minister Dan Tehan said exports had dropped from $1.1 billion to about $20 million as a result of the duties the Chinese government placed on the country's wine.

Wine tariffs are twice or three times the price The Australian government earlier stated that this prevented exporters from entering the Chinese market.

Disclaimer:Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

China imposed the tariffs for five years in March, formalizing curbs that had been in place for months.

Since Canberra called for an global investigation into the origin of the coronavirus, relations with China have deteriorated, the origin of the coronavirus for the first time a year ago Reported from central China.

The minister has been open about the possibility of using the WTO to address the wine dispute, telling ABC last month, "We've always said that we would take a very principled approach when dealing with these trade disputes, and if we think our industry has been harmed or injured, we will take all necessary steps and measures to try to address that".

Prior to Morrison's recent trip to the United Kingdom to take part in Group of Seven (G-7) Plus discussions, he said he would call on the grouping to fix the WTO so it can prevent economic coercion from being used as a tool by nation states.

The G7 summit ended on June 12 with the announcement of US -led plans to counter China's "Road and Belt Initiative", the hallmark of its efforts to extend economic influence throughout the world. world.

The B3W was considered to aim to fully compete with the efforts of China, which has been widely criticized for engaging in small countries with unmanageable debts.

Morrison attended the summit as part of a G7 plus formula that also brought in the leaders of South Korea, South Africa and India, and made clear he would push the other nations for joint action against China's aggressive trade policies. "The most practical way to address economic coercion is the restoration of the global trading body's binding dispute settlement system".

"Where there are no consequences for coercive behaviour, there is little incentive for restraint", he said.

Morrison has received explicit support in his government's confrontation with China from the United States, as well as from French President Emmanuel Macron during a visit to Paris after the G7 meeting.