Australia to File WTO Complaint Over Chinese Antidumping Duties on Its Wine
Australia will "take action" at the World Trade Organization via its dispute settlement process to combat Chinese antidumping duties on Australian wine, the country's trade minister announced in a June 19 press release. Winemakers in Australia have seen exports drop…
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from around $830 million (US dollar equivalents) to about $15 million following punitive Chinese tariffs as high as 218% on Australian wine, Bloomberg reported. While Australia claims to remain open to direct engagement with China on this issue, "the Government will continue to vigorously defend the interests of Australian winemakers using the established system in the WTO to resolve our differences," the release said. The action comes after a long year of rising trade tensions between the two nations.