China has dropped its tariffs against Australian barley, putting an end to a three-year dispute that went to the World Trade Organisation and helped relations between Beijing and Canberra fall to historic lows
China has dropped its tariffs against Australian barley, putting an end to a three-year dispute that went to the World Trade Organisation and helped relations between Beijing and Canberra to fall to historic lows.
“One in four Australian jobs is about trade. I have said very clearly on China that we will co-operate where we can, we will disagree where we must, but we’ll engage in our national interest.” The Australian exports also quickly found other markets and China’s power generators, seafood suppliers and manufacturers suffered from having to use lower quality and more expensive products.
Grain Producers Australia chairman Barry Large said the resolution of the case would allow Australian producers to recommence selling and exporting our high-quality barley to China. Former trade minister Simon Birmingham took China to the World Trade Organisation over the barley tariffs in December 2020 and his successor Dan Tehan lodged a complaint over tariffs of up to 200 per cent on Australian wine in June 2021.Farrell said Australia had made it clear to China that it preferred to resolve the disputes through dialogue.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China agrees to lift tariffs on Australian barleyChina has agreed to lift tariffs on Australian barley, exports of which had been worth $600 million a year, as it backs down on a campaign of economic coercion.
Read more »
'The right outcome': China to lift trade sanctions on Aussie barleyChina will lift trade sanctions on imports of Australian barley after three years, which has been described by the federal government as the 'right outcome' for both countries.
Read more »
Landmark statue commemorates Australian nurses who served in wartimeThe sole survivor of a wartime atrocity has become the first woman to be commemorated in bronze at the national war memorial.
Read more »
Australian home prices are set to keep rising this year, by up to 5 per centProperty prices around Australia are likely to increase yet again, amid market predictions the Reserve Bank of Australia's interest rate rises may be coming to an end soon.
Read more »
US loses AAA credit rating, causing a hit to the Australian dollarThe Australian dollar has tumbled, and the local market has been hit after the US lost its AAA credit rating.
Read more »
Popular Australian homewares brand collapses after 15 yearsFenton & Fenton has replaced its online store with a notice that it has gone into liquidation after 15 years.
Read more »