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
WTO complaint “next step” in tariff dispute between Australia and China, trade ministery says.
The trade minister Simon Brimingham said on 29 November the trade conflicts were not just harming Australia but threated global trade confidence. Canberra will take its complaints to the World Trade Organization (WTO).
Due wine tariffs imposed after barley tariffs announced in May, at least 60 ships laden with coal from Australian producers have also been denied permission to enter Chinese ports, leaving them waiting off the coast while Australian authorise attempt to find a resolution to the standoff.
The wine decision would not be part of any immediate complaint to the WTO as it was still being described as an “interim application of tariffs”.
Source: The Guardian #Nov29
https://www.theguardian.com/business/2020/nov/29/wto-complaint-next-step-in-tariff-dispute-between-australia-and-china-trade-minister-says?CMP=Share_iOSApp_Other
#Australia #China #WTO #AntiDumping #Tarrif #TradeWar
The trade minister Simon Brimingham said on 29 November the trade conflicts were not just harming Australia but threated global trade confidence. Canberra will take its complaints to the World Trade Organization (WTO).
Due wine tariffs imposed after barley tariffs announced in May, at least 60 ships laden with coal from Australian producers have also been denied permission to enter Chinese ports, leaving them waiting off the coast while Australian authorise attempt to find a resolution to the standoff.
The wine decision would not be part of any immediate complaint to the WTO as it was still being described as an “interim application of tariffs”.
Source: The Guardian #Nov29
https://www.theguardian.com/business/2020/nov/29/wto-complaint-next-step-in-tariff-dispute-between-australia-and-china-trade-minister-says?CMP=Share_iOSApp_Other
#Australia #China #WTO #AntiDumping #Tarrif #TradeWar
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
China’s Attacks on Australian Goods Take Many Different Forms
After a year of steadily worsening relations between Beijing and Canberra, China has imposed a raft of trade measures blocking billions of dollars’ worth of Australian commodities.
The restrictions targeting shipments of beef, barley, coal, lobster, wine and timber have taken on many forms. Some measures are precise, such as anti-dumping and anti-subsidy duties on barley, allowing Australia to escalate the matter to the World Trade Organization. Others, ranging from verbal notices to bans on individual companies, are less clear-cut.
Source: Bloomberg #Dec18
https://www.bloomberg.com/news/articles/2020-12-17/china-s-attacks-on-australian-goods-take-many-different-forms
#AustraliaChina #WTO #Antidumping #China
After a year of steadily worsening relations between Beijing and Canberra, China has imposed a raft of trade measures blocking billions of dollars’ worth of Australian commodities.
The restrictions targeting shipments of beef, barley, coal, lobster, wine and timber have taken on many forms. Some measures are precise, such as anti-dumping and anti-subsidy duties on barley, allowing Australia to escalate the matter to the World Trade Organization. Others, ranging from verbal notices to bans on individual companies, are less clear-cut.
Source: Bloomberg #Dec18
https://www.bloomberg.com/news/articles/2020-12-17/china-s-attacks-on-australian-goods-take-many-different-forms
#AustraliaChina #WTO #Antidumping #China