Published 12:41 IST, November 27th 2020
Australia calls China's anti-dumping tariffs on wine imports 'unwarranted' amid tensions
China said that it would impose anti-dumping tariffs on Australian wine, a move which will escalate trade, diplomatic tensions between Beijing-Canberra
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On vember 27, China said that it would impose anti-dumping tariffs on Australian wine, a move which is likely to furr escalate tre and diplomatic tension between Beijing and Canberra. In recent months, China and Australia’s relations have deteriorated, with latter even calling for an investigation into origins of Coronavirus. In response, Beijing has imposed a series of sweeping tre and reprisals this year.
Amid rising tensions, Chinese Ministry of Commerce on Friday informed that recent anti-dumping deposits will take effect vember 28 and importers bringing in investigated products will need to pay deposits to China’s customs authority, which will be calculated based on different rates authority has assigned to various companies. According to Bloomberg, rates range from 107.2 per cent to 212.1 per cent.
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China is one of biggest buyers of Australian wine. In response to recent anuncement, Australia said that it would seek WTO intervention to defend itself from tariffs, which Tre Minister Simon Birmingham labelled “grossly unfair, unwarranted, unjustified”. He also warned that China’s actions might create a perception among businesses and countries around globe that tre with Beijing can be risky.
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While speaking to reporters in elaide, Birmingham said, “Businesses and countries outside of China viewing Beijing’s backlash against Australia this year would see potential that ir tre, ir businesses, can be disrupted through se sort of unwarranted, unsanctioned actions that frankly don’t stand up”.
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Morrison slams China for deteriorating relations
Meanwhile, Beijing’s latest move comes against backdrop of increasing tensions between two countries. Earlier week, Australian Prime Minister Scott Morrison h hit back at Beijing and called deterioration of bilateral relations as “needless”. He also called for smaller nations t to be caught in repercussions of Si-US rivalry. Morrison said that like any or sovereign nation, Canberra will t be pushed into binary choices such as ones me by China and United States.
Beijing, on or hand, has said that Canberra should kw what it needs to do to improve relationship between both countries. According to South China Morning Post, Chinese commerce minister Li Chengganga stated that Beijing has always upheld a pragmatic attitude when it comes to dealing with its tre partners, it is Australian side, he said, which should kw better what it needs to do in improving ties.
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12:41 IST, November 27th 2020