Free Trial

MNI Policy: China Puts Australian Wine On Anti-Dumping Watch

(MNI) LONDON

China's Ministry of Commerce announced a 12-month anti-dumping investigation into wine from Australia after China banned beef imports from the country and added extra tariffs to barley imports.

The investigation, which may be extended for a further 6 months, is targeting wines from Australia in containers holding 2 liters or less, according to a statement published by the Ministry's Website on Tuesday.

The move may further strain the bilateral relationship, as Australia's Prime Minister Morrison has openly called for an independent investigation into the origin of the Covid-19 and excluded Huawei from its telecoms systems, while Beijing banned beef imports from 4 meat processing factories and is accessing an "anti-subsidy" tariff of 80.5% on Australian barley.

China has yet made any move on other commodities including iron ore which is essential to China's steel industry.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.