Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Dec 15, 2020

Australia Close to Taking China to WTO Over Barley Tariffs

STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
--
Cosco (India) Ltd.
--
Nifty Capital Markets
--
MSCI World
--
Pritika Auto Industries Ltd
--
SAB Events & Governance Now Media Ltd.
--
MSCI AC Asia ex-Japan
--
Best Agrolife Ltd
--

Australia says it has built a strong case to challenge anti-dumping duties imposed by China on its barley exports and will announce soon whether it will take the matter to the World Trade Organization.

Australia has been working closely with the grains industry to “build the strongest possible case,” Trade Minister Simon Birmingham told reporters Tuesday. Barley was slapped with tariffs of over 80% in May after China accused Australia of dumping the grain and subsidizing growers.

“Australian grain growers and farmers are not subsidized, they don't dump their products on global markets and we clearly have the evidence to mount a strong case,” Birmingham said. He said Australia has legal avenues it can pursue via the WTO over barley and wine, which has also been targeted with duties.

Diplomatic relations between the two countries have spiraled after Prime Minister Scott Morrison's government called for an international inquiry into the origins of the coronavirus earlier this year. Beijing has lashed out at Canberra for being a puppet of the U.S. and for meddling in its internal affairs. So far this year, China has hit Australia with a raft of trade restrictions on products including copper, wine, timber and lobster.

Birmingham implored China to open up lines of communication and abide by a rules-based trading system.

©2020 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search