Photograph taken on Dec. 5, 2020 exhibits the wine fabricated 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 advised 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 Below and introduced preliminary duties.
Individually, China levied additional temporary tariffs of around 6.3% to 6.4% in December, following a special probe into Australian wine subsidy schemes.
“Now we have 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 Box Asia.”
“We’ll be making an announcement on whether or not we’ll go to the WTO almost about 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 up to now.
“I’ve written to my Chinese language counterpart,” he stated, explaining that Canberra needs a constructive relationship with Beijing. “Up to now, I have never had a response to that correspondence, however my hope is that we will sit down and work by means of these points. Dialogue is one of the best ways to resolve points.”
In the meantime, Tehan stated Australia is 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 wanting as effectively at different alternatives that we will pursue, whether or not it’s by means of our current buying and selling companions or by opening up new avenues to have the ability to discover,” he added.