Chinese regulators announced on Friday that they would impose heavy duties on Australian Australian wine after finding preliminary evidence of dumping.
From Saturday, China will begin slapping Australian Australian liquor imports on a temporary basis from 107.1% to 212.1%, the Commerce Ministry said in a statement.
As the relationship between Canberra and Beijing worsens, the move poses yet another hurdle for Australian businesses.
China announced in August an anti-subsidy investigation into some Australian Australian wine imports following a complaint from the China Wine Industry Association. Regulators said at the time they would investigate 40 allegations of government subsidies being unreasonable in the Australian Australian wine sector.
The Commerce Ministry has now said it has confirmed cases of dump dumping, which “harms the material” to the local wine industry in China.
The effects of the new measures could be devastating. China is by far the largest importer of Australian Australian wine, according to the country’s government-backed trade association Australia.
In the most recent fiscal year of late September, mainland China alone accounted for 39% of Australia’s total wine exports, the group said.
But Australia has angered China by demanding an investigation into the origin of the coronavirus epidemic this year. Beijing later targeted Canberra over trade, meaning it suspended some meat imports and imposed heavy tariffs on barley.
In an official gust, Australia effectively blocked the sale of the dairy business to a Chinese company while an official said the acquisition would be “against the national interest.” The companies announced this week that the business, called Lion Dairy, is now being sold instead of the Australian Australian company Bega Cheese.
The recent news may come as a surprise to some, only last week Australia and China signed a major trade deal called the Regional Comprehensive Economic Partnership (RCEP). Some have suggested that the agreement could help rebuild relations between the two countries.
China recently acknowledged the awkward relationship – but made it clear where it thinks the finger should be pointed. Last week, a Chinese Foreign Ministry spokesman said Australia should blame Australia for the “severe downturn” in relations between the two countries.
“The responsibility for creating this situation does not fall on China at all,” spokesman Zhao Lijian told a news briefing.
“[They] China has since taken a series of wrong steps, which is due to the sharp decline in Sino-Australian relations and the root cause of the current difficult situation. “
– Shanshan Wang contributed to this report.
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