A collective approach to countering Chinese economic bullying may be Australia’s best option
China’s Ministry of Commerce (MOFCOM) announced anti-dumping duties of 107%-212% on Australian wine exports and
This is second time China has imposed anti-dumping restrictions on Australian exports this year. The first was for Barley and imposed in May. However, there is one notable difference between the measures on barley and the new duties that will affect wine. Whereas the barley duties came at the end of a completed 18-month investigation, the wine investigation is going.
While Australian ministers have criticised Beijing’s trade measures as “economic coercion”, Chinese authorities consistently rely on legal an regulatory grounds to justify each new barrier.
Source: The Guardian #Nov27
https://www.theguardian.com/commentisfree/2020/nov/28/a-collective-approach-to-countering-chinese-economic-bullying-may-be-australias-best-option?CMP=Share_iOSApp_Other
#Australia #China #Antidumping #Wine
China’s Ministry of Commerce (MOFCOM) announced anti-dumping duties of 107%-212% on Australian wine exports and
This is second time China has imposed anti-dumping restrictions on Australian exports this year. The first was for Barley and imposed in May. However, there is one notable difference between the measures on barley and the new duties that will affect wine. Whereas the barley duties came at the end of a completed 18-month investigation, the wine investigation is going.
While Australian ministers have criticised Beijing’s trade measures as “economic coercion”, Chinese authorities consistently rely on legal an regulatory grounds to justify each new barrier.
Source: The Guardian #Nov27
https://www.theguardian.com/commentisfree/2020/nov/28/a-collective-approach-to-countering-chinese-economic-bullying-may-be-australias-best-option?CMP=Share_iOSApp_Other
#Australia #China #Antidumping #Wine
China puts tariffs of up to 200 per cent on Australian wine
The Chinese Government has announced it will place tariff on all Australian wine imports from November 28 (Saturday). The new tariffs range from 107 to 200 per cent. The investigation is not due to finish until next year, but China’s Commerce Ministry announced that importers of Australian wine entering China will need to pau temporary “anti-dumping security deposits”.
Shadow Trade Minister Madeleine King said she was “deeply concerned“ about the tariffs. “It is a relationship that must be managed in the national interest and not for partisan political interests.
The action follows months of trade uncertainty and souring relations between Australia and China.
Source: ABC News #Nov27
https://www.abc.net.au/news/2020-11-27/china-puts-tariffs-on-australian-wine-trade-tensions/12886700
#Australia #China #Wine #Antidumping #Trade #Tax
The Chinese Government has announced it will place tariff on all Australian wine imports from November 28 (Saturday). The new tariffs range from 107 to 200 per cent. The investigation is not due to finish until next year, but China’s Commerce Ministry announced that importers of Australian wine entering China will need to pau temporary “anti-dumping security deposits”.
Shadow Trade Minister Madeleine King said she was “deeply concerned“ about the tariffs. “It is a relationship that must be managed in the national interest and not for partisan political interests.
The action follows months of trade uncertainty and souring relations between Australia and China.
Source: ABC News #Nov27
https://www.abc.net.au/news/2020-11-27/china-puts-tariffs-on-australian-wine-trade-tensions/12886700
#Australia #China #Wine #Antidumping #Trade #Tax
China Imposes Steep Duties on Australian Wine due to "Trade Violation". Australian Says the Move Deals Major Blow on the Industries
China’s Ministry of Commerce (MOFCOM) stated that its investigations had revealed that Australian wine exports breached China’s Anti-dumping Regulations, harming the local wine industry. MOFCOM would impose duties on Australian wine importers. Charges increase from 107.1% to 212.1% for the Australian wine in “containers of two litres or less”. The customs authority determined the cost.
Apart from the wine industry, other industries also suffered as a consequence of deteriorating China-Australia relations. China earlier cited “failed to meet environmental standards” as the reason to hold up 82 coal ships and 1,500 cargo crews at Chinese ports, involving AUD 1.1 billion of coal.
China-Australia relations have soured in recent years as both nations made moves at each other on the global stage. Australia has repeatedly criticized China’s human rights policies towards Hong Kong and the Xinjiang Uyghurs. Since the national security law took effect in Hong Kong in early July, Australia has also made available "safe haven" policies for Hongkongers.
The move was not the first undertaken by China to target Australian products. The New York Times editorial opined that one of the key moments that turned China-Australia relations to the worse was when the Australian government made a statement at the start of the year calling for an independent inquiry into the source of COVID-19. China has since then gradually imposed restrictions on Australian imports. The editorial described this move as reflecting a “CCP-style globalization” policy: on the one hand promoting the opening up of countries, while on the other using threats to coerce other countries to follow China’s approach in different matters.
Besides actual trade moves, China has adopted increasingly hard-line expressions in its foreign policy addresses to Australia. The Five Eyes alliance, which Australia is part of, has previously called on China to reconsider their decision on Hong Kong Legislators disqualification, and was rebuked by the Chinese Ministry of Foreign Affairs spokesperson Zhao Lijian, “No matter if they have five eyes or ten eyes, if they dare harm China's sovereignty, security and development interests, they should beware of their eyes being poked and blinded”
#wine #Australianwine #Australia #Aus #China #Antidumping #MOFCOM #MinistryofCommerce #CCP #FiveEyesAlliance #ZhaoLijian #HongKong #LegCoDisqualification
Source: Stand News #Nov27
https://bit.ly/2JYqXVG
China’s Ministry of Commerce (MOFCOM) stated that its investigations had revealed that Australian wine exports breached China’s Anti-dumping Regulations, harming the local wine industry. MOFCOM would impose duties on Australian wine importers. Charges increase from 107.1% to 212.1% for the Australian wine in “containers of two litres or less”. The customs authority determined the cost.
Apart from the wine industry, other industries also suffered as a consequence of deteriorating China-Australia relations. China earlier cited “failed to meet environmental standards” as the reason to hold up 82 coal ships and 1,500 cargo crews at Chinese ports, involving AUD 1.1 billion of coal.
China-Australia relations have soured in recent years as both nations made moves at each other on the global stage. Australia has repeatedly criticized China’s human rights policies towards Hong Kong and the Xinjiang Uyghurs. Since the national security law took effect in Hong Kong in early July, Australia has also made available "safe haven" policies for Hongkongers.
The move was not the first undertaken by China to target Australian products. The New York Times editorial opined that one of the key moments that turned China-Australia relations to the worse was when the Australian government made a statement at the start of the year calling for an independent inquiry into the source of COVID-19. China has since then gradually imposed restrictions on Australian imports. The editorial described this move as reflecting a “CCP-style globalization” policy: on the one hand promoting the opening up of countries, while on the other using threats to coerce other countries to follow China’s approach in different matters.
Besides actual trade moves, China has adopted increasingly hard-line expressions in its foreign policy addresses to Australia. The Five Eyes alliance, which Australia is part of, has previously called on China to reconsider their decision on Hong Kong Legislators disqualification, and was rebuked by the Chinese Ministry of Foreign Affairs spokesperson Zhao Lijian, “No matter if they have five eyes or ten eyes, if they dare harm China's sovereignty, security and development interests, they should beware of their eyes being poked and blinded”
#wine #Australianwine #Australia #Aus #China #Antidumping #MOFCOM #MinistryofCommerce #CCP #FiveEyesAlliance #ZhaoLijian #HongKong #LegCoDisqualification
Source: Stand News #Nov27
https://bit.ly/2JYqXVG
Chinese-Owned Businesses in Australia Squeezed on Both Sides as Tensions Take Toll
Three years ago, the Kilikanoon winery in Australia’s picturesque Clare Valley appeared to gain an export advantage when it was bought by Yantai Changyu Pioneer Wine Co., China’s largest wine producer.
This year, it hasn’t sold a single bottle to China.
A worsening diplomatic and trade dispute has choked off exports of Australian wine to China, including the 350,000 liters of premium Shiraz and other varietals that Kilikanoon Wines Pty. Ltd. had been shipping to the country each year. China, angered by Australia’s call last year for an international investigation into the origins of the pandemic, has imposed tariffs and restrictions on wine and other commodities such as barley, coal and even lobster.
Source: WSJ #Jun22
https://t.co/TZ8zcPLhpL
#Australia #Business #China #Wine #Barley #Coal #Lobster
Three years ago, the Kilikanoon winery in Australia’s picturesque Clare Valley appeared to gain an export advantage when it was bought by Yantai Changyu Pioneer Wine Co., China’s largest wine producer.
This year, it hasn’t sold a single bottle to China.
A worsening diplomatic and trade dispute has choked off exports of Australian wine to China, including the 350,000 liters of premium Shiraz and other varietals that Kilikanoon Wines Pty. Ltd. had been shipping to the country each year. China, angered by Australia’s call last year for an international investigation into the origins of the pandemic, has imposed tariffs and restrictions on wine and other commodities such as barley, coal and even lobster.
Source: WSJ #Jun22
https://t.co/TZ8zcPLhpL
#Australia #Business #China #Wine #Barley #Coal #Lobster