Photograph taken on Dec. 5, 2020 exhibits the wine manufactured from 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 Photos
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 instructed CNBC on Wednesday.
China’s commerce ministry in March introduced anti-dumping tariffs between 116.2% and 218.4% on Australian wine imports — measures which are set to final for 5 years. Final yr, it launched an anti-dumping probe into wine imports from Down Underneath and launched preliminary duties.
Individually, China levied extra non permanent tariffs of round 6.3% to six.4% in December, following a unique probe into Australian wine subsidy schemes.
“We’ve labored very intently with the Australian wine business to grasp the harm 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 Field Asia.”
“We’ll be making an announcement on whether or not we’ll go to the WTO close 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 desires a constructive relationship with Beijing. “Thus far, I have not had a response to that correspondence, however my hope is that we will sit down and work by means of these points. Dialogue is the easiest way to resolve points.”
In the meantime, Tehan stated Australia is taking a look at methods to search out new markets for its merchandise. It’s at present negotiating a free commerce settlement with the United Kingdom and the European Union.
“We’re all the time wanting as nicely at different alternatives that we will pursue, whether or not or not it’s by means of our present buying and selling companions or by opening up new avenues to have the ability to discover,” he added.