Mon. Nov 29th, 2021

China’s tariffs on Australian wine imports will be investigated by World Trade Organization (WTO) in the middle of the ongoing icy connections between Canberra and Beijing.
At an overnight meeting, the Global Trade Judge agreed to Australia’s request to review the tariffs, The South China Morning Post reports.

China – traditionally the largest market for Australian winemakers – last year struck a 220 percent tariff on exports.

Strong tariffs on Australian wine exports to China will be investigated by the World Trade Organization. (AP)

In March, Chinese officials announced that the tariffs would apply for five years, in a crippling move for Australian producers.

Last month, the Australian government tried to get the WTO to investigate the sanctions, but was blocked by China.

Canberra has also referred Beijing’s tariffs on Australian barley exports to the WTO.

Now a new third-party body of 15 countries – including New Zealand, Canada and the UK – will examine wine tariffs, a WTO official said.

In the year to September 2021, exports to China fell 77 percent to $ 274 million, down from the previous average of $ 1 billion a year, industry firm Wine Australia said.

The federal government is also taking Chinese tariffs on Australian barley exports to the WTO. (Nine)

Why the conflict over the South China Sea is important

Last week, Australian Ambassador George Mina said in a hard-hitting statement to the WTO that Chinese trade sanctions were “motivated by political considerations”.

Leave a Reply

Your email address will not be published. Required fields are marked *