China Raises Taxes on Australian Wine Imports
China’s Commerce Ministry last week imposed steep import taxes on Australian wine, saying the wine is being unfairly dumped and effectively cutting off those imports. The temporary duties, which took effect Nov. 28, range about 107.1% to 212.1%, China’s Commerce Ministry said, according to an unofficial translation. Those rates will make Australian wine unsellable in China, Australia’s trade minister said, The Associated Press reported Nov. 27.
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The move was the latest in a series of Chinese trade restrictions against Australia, including China’s November suspension of certain Australian timber imports (see 2011120007) and its May duty increase on Australian barley. “It is hoped that the Australian side will do more things conducive to mutual trust and cooperation as is in line with the two sides' comprehensive strategic partnership, so as to provide conditions to bring bilateral relations back onto the right track,” a Chinese Foreign Ministry spokesperson said Nov. 27 at a press conference, according to a translated transcript.