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The Chinese Ministry of Commerce stated that as of Saturday (November 28), temporary anti-dumping measures will be implemented on Australian wine in the form of deposit, and the company’s deposit rate is 107.1% -212.1 %.
In recent months, under the tense political situation, China has focused on imported products from Australia, such as coal, sugar, barley and lobster.
Chinese officials believe that some Australian wines are sold at a cheaper price in China than in its domestic market because the Australian government has adopted a policy of subsidies, which constitutes dumping. Australia denied this claim.
The Ministry of Commerce announced that the investigating agency initially determined that there was dumping of relevant wines originating in Australia when they were sold to China, causing substantial injury to the relevant domestic wine industry in China, and that there was a causal relationship between the dumping and pecuniary damage.
According to the Australian Wine Authority, China is the main destination for Australia’s wine exports, accounting for 39% of exports in the first nine months of 2020.
China launched a year-long investigation into this.
After the Commerce Ministry’s announcement on Friday, shares in Treasury Wine Estates, the world’s largest wine producer, plunged more than 13%.
Joining Fuyi on the Chinese Ministry of Commerce list are other Australian wine producers, including Casella Wines Pte Ltd and Swan Wines Ltd.
The Chinese Commerce Ministry did not specify how long these measures will last.
“Extremely disappointed”
Australian Agriculture Minister David Littleproud responded to the statement via Twitter, calling the government “extremely disappointed”.
He said: “The Australian government unequivocally denies any allegation that our wine producers are dumping products into China.”
Australian Trade Minister Simon Birmingham said the new tariffs prevent Australian wine from being sold in China.
“For hundreds of Australian winemakers, this is a painful time. They have sincerely established a good market in China,” he said.
Birmingham proposed that it would seek help from the World Trade Organization regarding these restrictions.
In response to questions on Friday, Chinese Foreign Ministry spokesman Zhao Lijian said that the Chinese authorities’ measures to take foreign products exported to China in accordance with laws and regulations comply with laws, regulations and practices. international companies, and are also responsible for China’s domestic industries and consumers.
Zhao Li insisted that mutual respect is the basis and prerequisite for pragmatic cooperation between countries. The Australian side should truly uphold the principles of mutual respect and equal treatment between the two countries, do more to improve mutual trust between China and Australia, in line with the spirit of a comprehensive strategic partnership, and create good conditions. for practical cooperation between the two countries.
China-Australia relations at the lowest point
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The Chinese government has issued a warning to its citizens not to travel to Australia lightly.
Experts say the relationship between China and Australia has deteriorated this year to its lowest point in decades.
The Australian government called on the international community in April to launch an independent investigation into the origin of the new corona pneumonia epidemic. This proposal seems to enrage China.
The Chinese authorities subsequently took two measures against Australia, including an announcement in May to ban four Australian beef exporters from exporting to China, which reportedly account for 35% of Australia’s total beef exports to China, and a levy 80.5 to Australian barley exports. % Of antidumping and countervailing duties.
Some analysts believe this is Beijing’s “punishment” for Australia. In late April, the Chinese Ambassador to Australia, Cheng Jingye, said in an interview with Australian media that Australia’s proposal to investigate the origin of the virus was “political manipulation” and was “to launch a political attack” against China. and said that the Chinese people have been dissatisfied and disappointed with the behavior.
