Australia will continue pursuing a case at the World Trade Organization against China’s tariffs on wine imports, rejecting a proposal to tie the issue to a separate dispute on steel products.
China’s Commerce Ministry reportedly said that China and Australia should “promote a package solution” for disputes over China’s tariffs on Australian wine and China’s lawsuit against Australia on steel products. Australia’s Agriculture Minister reportedly responded that the Australians “will continue our Wto case when it comes to wine, and we will continue to defend the case when it comes to steel — but we hope that all these things can be resolved by dialogue.”
China’s decision to impose wine tariffs in 2020, as relations between the nations deteriorated, decimated what was once Australia’s most lucrative export market for the product. Australia’s wine industry is currently facing a major glut, with supply in storage equivalent to about 2.8 billion bottles, according to Rabobank analyst Pia Piggott.
More informations here: Australia to Carry On Pursuing WTO Case on China Wine Tariffs - BNN Bloomberg
