December 24, 2024 08:41 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
India refrains from commenting on extradition request for ousted Bengladeshi PM Sheikh Hasina | I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip | Three pro-Khalistani terrorists, who attacked a police outpost in Gurdaspur, killed in an encounter | Who is Sriram Krishnan, an Indian-American picked by Donald Trump as US AI policy advisor? | Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait
China-Australia
Image: Unsplash

Wine Conflict: Australia ready to take China to WTO over tariffs

| @indiablooms | May 31, 2021, at 05:08 am

Canberra: After completing consultation with wine exporters, Australia is now planning to  launch its second World Trade Organisation action in its year-long $20 billion trade dispute with Beijing, media reports said on Sunday.

Winemakers were hit the hardest when China put tariffs ranging from 107 to 200 per cent on Australian wine, virtually wiping out exports.

Now the Australian government has finished its initial round of consultation with the wine industry, and will take the next few weeks to decide whether to go to the WTO, reports The Sydney Morning Herald.

Senior government sources confirmed to the newspaper it was highly likely Australia would announce a decision to take China to the WTO over the wine tariffs in the coming weeks.

Trade Minister Dan Tehan also announced on Friday afternoon that the Australian government is taking the next step in its first WTO claim against Beijing for its tariffs on barley, formally asking the world body to establish a dispute settlement panel to address the matter, the Australian newspaper reported.

Tehan said Australia remained open to further discussions with China with a view to resolving the dispute over barley, but would “continue to vigorously defend the interests of Australian barley producers” at the WTO.

“The establishment of the panel is the next step in the WTO’s dispute resolution process. The next phase of the process is the appointment of individuals to the panel to adjudicate the dispute,” Tehan was quoted as saying by The Sydney Morning Herald.

Last year, Australia had for the first time announced it was launching WTO action against China.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.