Photograph taken on Dec. 5, 2020 exhibits the wine product of cherry within the city of Younger in Australia. The city of Younger is dubbed the “Cherry Capital of Australia”.
Chu Chen | Xinhua Information Company | Getty Photographs
Australia is contemplating whether or not it ought to get the World Commerce Group concerned in an ongoing dispute with China, Commerce Minister Dan Tehan informed CNBC on Wednesday.
China’s commerce ministry in March announced anti-dumping tariffs between 116.2% and 218.4% on Australian wine imports — measures which can be set to final for 5 years. Final yr, it launched an anti-dumping probe into wine imports from Down Underneath and introduced preliminary duties.
Individually, China levied additional temporary tariffs of around 6.3% to 6.4% in December, following a distinct probe into Australian wine subsidy schemes.
“We now have labored very carefully with the Australian wine business to know the damage that has been attributable to the actions that China’s taken,” Tehan, who can also be the minister for tourism and funding, stated on CNBC’s “Squawk Box Asia.”
“We’ll be making an announcement on whether or not we are going to go to the WTO with reference to wine within the coming weeks,” he stated.
Tehan reiterated Australia’s name to have interaction in dialogue with China to resolve pending points — one thing that different Australian officers have echoed prior to now.
“I’ve written to my Chinese language counterpart,” he stated, explaining that Canberra needs a constructive relationship with Beijing. “To this point, I have not had a response to that correspondence, however my hope is that we are able to sit down and work by these points. Dialogue is the easiest way to resolve points.”
In the meantime, Tehan stated Australia is taking a look at methods to seek out new markets for its merchandise. It’s at the moment negotiating a free commerce settlement with the United Kingdom and the European Union.
“We’re at all times trying as nicely at different alternatives that we are able to pursue, whether or not or not it’s by our present buying and selling companions or by opening up new avenues to have the ability to discover,” he added.