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World China slaps duties of up to 212% on Australian wine imports

10:25  27 november  2020
10:25  27 november  2020 Source:   cnn.com

Cases of Wine Piling Up in Australia as China Shuns Imports

  Cases of Wine Piling Up in Australia as China Shuns Imports Australian wine exporters should be preparing for their peak selling season, the months preceding Christmas and New Year celebrations in China. They are instead watching stockpiles of product mount in warehouses as its biggest market clamps down on shipments from the country. Already on edge after China announced two trade probes into the country’s wine industry earlier this year, people familiar with the situation said this month Beijing had also ordered traders to stop purchasing at least seven categories of Australian commodities -- including wine, rock lobsters, barley, and copper ore -- in its most sweeping trade move against Canber

China will impose taxes on Australian wine of up to 212 %, starting on Saturday. Its commerce ministry said these were temporary anti-dumping measures to stop subsidised imports of Australian wine . The duties will range from 107% to 212 %, intensifying trade tensions between the two countries.

China slapped anti-dumping duties on Australian barley for five years as diplomatic tensions escalate between the two trading partners. Australia ’s biggest customer for the grain will impose an anti-dumping duty of 73.6% and an anti-subsidy duty of 6.9%, effective from May 19, according to a

Australian winemakers have been dealt another blow from China as tensions continue to spiral between the two countries.

text: Cases of wine sit in a storage room at the Royal Star Wine experience center in Sydney, Australia, on Tuesday, Nov. 17, 2020. Australian wine exporters are watching stockpiles of product mount in warehouses as China, its biggest market, clamps down on shipments from the country. Photographer: Brent Lewin/Bloomberg via Getty Images © Bloomberg/Getty Images Cases of wine sit in a storage room at the Royal Star Wine experience center in Sydney, Australia, on Tuesday, Nov. 17, 2020. Australian wine exporters are watching stockpiles of product mount in warehouses as China, its biggest market, clamps down on shipments from the country. Photographer: Brent Lewin/Bloomberg via Getty Images

Chinese regulators announced Friday that they would start imposing heavy duties on Australian wines after finding preliminary evidence of dumping.

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China 's commerce ministry did not specify how long the measures would last for. It said that it looked into samples from a few Australian firms, including that Earlier this month, the association called for retrospective tariffs on Australian wine imports . Beijing's latest move comes against a backdrop of

slap anti-dumping duties on Australian wine and suspend other imports as relations between a duty of more than 200 percent on Australian wine starting next week, the South China Morning and Wine , Tony Battaglene, told the Guardian that he had received calls from up to 20 Australian wine

Starting Saturday, China will begin temporarily slapping duties from 107.1% to 212.1% on Australian wine imports, the Ministry of Commerce said in a statement.

The move places yet another hurdle in front of Australian businesses as relations worsen between Canberra and Beijing.

China announced an anti-subsidy investigation of some Australian wine imports in August, following a complaint from the China Wine Industry Association. Regulators at the time said that they would investigate 40 allegations of unfair government subsidies in the Australian wine sector.

The Commerce Ministry now says it has confirmed cases of dumping, "causing material damage" to the domestic wine industry in China.

The effects of the new measures could be devastating. China is by far the biggest importer of Australian wine, according to Wine Australia, a trade organization backed by the country's government.

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China 's move to levy hefty import duties on Australian wine was "politically motivated" according to a leading winemaker, as Trade Minister Simon Birmingham said there was no grounds for Beijing's dumping investigation. China 's Ministry of Commerce announced on Tuesday morning it would begin

Australian wine exporters could be hit twice – first with a ban on wine this week, then a possible anti-dumping duty after a months-long investigation into Industry players in Australia await possible result from a months-long investigation into whether inexpensive wines have been ‘dumped’ in China .

In the most recent financial year, which ended this September, mainland China alone made up 39% of Australia's total wine exports by value, the group said.

But Australia has upset China this year by calling for an investigation into the origins of the coronavirus pandemic. Beijing later targeted Canberra over trade, namely by suspending some imports of beef and slapping heavy tariffs on barley.

In August, Australia effectively blocked the sale of a dairy business to a Chinese company when an official said the acquisition "would be contrary to the national interest." That business, Lion Dairy, is now being sold to Australian firm Bega Cheese instead, in a deal worth 560 million Australian dollars ($413 million), the companies announced this week.

The latest news may be surprising to some, given that just last week Australia and China both signed onto a major trade deal called the Regional Comprehensive Economic Partnership (RCEP). Some have suggested that the agreement could help the two countries rebuild ties.

China recently acknowledged the frayed relationship — but made clear where it thinks the finger should be pointed. Last week, a Chinese Foreign Ministry spokesperson said that Australia should shoulder the blame for the "sharp downturn" in relations between the two countries.

"The responsibility for causing this situation doesn't lie with China at all," spokesperson Zhao Lijian said at a news briefing.

"[They] have subsequently taken a series of wrong moves related to China, which is at the root cause of China-Australia relations taking a sharp downturn and stuck in the current difficult situation."

— Shanshan Wang contributed to this report.

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We love them all! Sophie Turner has a surprising number of tattoos, but what’s not surprising is how chic every single one is. All of the Most Artistic Graphic Celebrity Tattoos Read article The 24-year-old loves to mark a significant occasion with some ink. For instance, her most recent tattoo reveal was a “W” on her wrist in honor of her daughter Willa, which sits right below the “J” she got for her husband Joe Jonas. In fact, she has said that her favorite design is the infinite triangles on her left arm that represent her and her brothers. The three overlapping shapes are enclosed by the Greek symbols, lambda (λ), epsilon (έ), and phi (φ). “It’s Plato’s theory that the soul is comprised into three parts: reason, spirit, and appetite,” she told Refinery29 in 2019. “Reason is my eldest brother James, spirit is my other brother Will, and I’m appetite. It means a lot to us, we’ve all got them. They’re like my best friends in the world.” See Which Celebrity Couples and Exes Said ‘Yes’ to Forever With Matching Tattoos Read article But it’s not just family that she celebrates through body art. She’s also gotten her fair share of tattoos to commemorate an important role in her career. On her left arm, the British star has “07.08.09” inked just below the crook of her elbow. This date marks the day she got her iconic role as Sansa Stark in Game of Thrones. Courtesy of tattoo artist Kat Paine, her on-screen sister Maisie Williams also has her date in the same spot.

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