Wednesday, March 31, 2021
Home Breaking News China imposes new taxes on Australian wine
- Advertisement -

China imposes new taxes on Australian wine

Published on :

                The Chinese government announced this Friday, March 26, the imposition of prohibitive taxes on the importation of Australian bottled wines, while tensions between Beijing and Canberra have been exacerbated since the start of the coronavirus pandemic.  A very hard blow for Australian wine growers, since China is their number one international customer.
            </p><div>

                                    <p><span><span><span><em>With our correspondent in Sydney,</em> <strong>Grégory Plesse</strong></span></span></span>

Surcharges ranging from 110 to 220 %, this is what the Chinese authorities will impose from this Sunday March 28 to Australian bottled wines, for the next five years. This is the result of an investigation launched last August by the Chinese Ministry of Commerce, which accuses Australian winegrowers of dumping.

This new trade sanction against Australia adds to other implementations in recent months, targeting barley, beef, or coal, in a context of growing tensions between Beijing and Canberra.

Appeal to the WTO

Sales of Australian wine, already subject since August to a tax of 200 %, have collapsed in recent months, dropping to $ 1 million in January from 164 million last October.

- Advertisement -

Beyond wine, it is all trade between Australia and the China, its first trading partner, which is affected. According to a report by the Australian Foreign Office, exports to China, excluding iron ore, have fallen by 40 % since the end of 2019. Canberra for its part intends to appeal to the World Trade Organization.

Read also: China imposes very heavy surcharges on Australian wines

            </div>



Source site www.rfi.fr

- Advertisement -
- Advertisement -
- Advertisement -
RELATED ARTICLES
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments

- Advertisement -