Australia Takes China To WTO Over Wine Tariffs As Biggest Export Market Gutted

Australia continues reeling from its ongoing trade war with China, lately seeing retaliatory tariffs cause the price of wine to double or triple in China, essentially wiping out Australia's biggest export market. 

And now the Aussie government is lodging a formal complaint with the World Trade Organization - specifically over its imposition of anti-dumping duties on Australian wines.

Saturday's announcement marks yet another major escalation, with minister for trade, tourism and investment Dan Tehan stating alongside Agriculture Minister David Littleproud: "The government will continue to vigorously defend the interests of Australian wine makers using the established system in the WTO to resolve our differences."

Australia, Flag, National, Country

Pixabay

Canberra further said the decision comes after "extensive consultation with Australia’s winemakers" and added that "Australia remains open to engaging directly with China to resolve this issue."

Tehan further told a public broadcaster: "We’ve always said that we would take a very principled approach when dealing with these trade disputes, and if we think our industry has been harmed or injured we will take all necessary steps and measures to try to address that."

The ongoing tensions were triggered last year after Canberra started seeking a probe into the ongoing COVID-19 pandemic, now no doubt exacerbated by calls for investigating Wuhan's labs lately going mainstream among Western allies. The demand led the Chinese diplomats in Australia hinting at "economic coercion" of Australian goods by Chinese companies.

Saturday's complaint to the WTO follows last year's formal appeal to the global trade dispute body over China's imposition of steep tariffs on imports of Australian barley.

1 2
View single page >> |

Disclaimer: Copyright ©2009-2020 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.