China to lift anti-dumping, anti-subsidy tariffs on Australian barley imports, Australia calls for end to all remaining trade restrictions
MACRO POLICY & REGULATION
China to lift anti-dumping, anti-subsidy tariffs on Australian barley imports, Australia calls for end to all remaining trade restrictions
MACRO POLICY & REGULATION

China to lift anti-dumping, anti-subsidy tariffs on Australian barley imports, Australia calls for end to all remaining trade restrictions

 

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China will lift anti-dumping and anti-subsidy tariffs on Australian barley imports that had been in place for three years, Ministry of Commerce said on Friday.

The tariffs will be dropped starting on Saturday, the ministry said, citing a changing situation in China’s barley market without providing further details.

“This outcome demonstrates the importance of the WTO dispute mechanism in defending the interests of Australia’s world-class producers and farmers,” three Australian ministers said in a joint statement. “We have been clear that we expect a similar process to be followed to remove the duties on Australian wine.”

The barley decision follows the resumption of trade in products like coal and timber and Australia called for the end to all remaining trade restrictions, led by wine, as commercial ties between the two trading partners edge towards normalisation.

Australian Trade Minister Don Farrell said that Chinese restrictions affecting roughly A$20 billion of annual trade as of last May had shrunk to hit about A$2 billion of exports.”We intend to use this process (barley) as a template for resolving the issue in respect of wine, which is still ongoing… as we seek to resolve all of those outstanding issues.”