BEIJING: China will impose temporary anti-dumping measures on wine imported from Australia from Nov 28, the Ministry of Commerce said on Friday (Nov 27), in a move likely to further escalate trade and diplomatic tensions between Beijing and Canberra.
Importers bringing in investigated products will need to pay deposits to China's customs authority, which will be calculated based on different rates the authority has assigned to various companies, according to the statement.
READ: Commentary: Why China is turning sour on Australia wines
The rate required of Treasury Wine was 169.3 per cent, the highest among all the named wine firms in the statement. Shares of Australia's Treasury Wine Estates Ltd, the world's largest listed winemaker, fell more than 13 per cent before being put on a trading halt pending an announcement.
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 of Treasury Wines, Casella Wines and Australia Swan Vintage.
AUSTRALIA 'EXTREMELY DISAPPOINTED'
Later on Friday, Australia responded saying it was "extremely disappointed" in China's decision to impose preliminary tariffs on its wine.
"Today's decision is a seriously concerning development and one which Australia will be vigorously fighting against," Australian Agriculture Minister David Littleproud said in a statement.
"The Australian Government categorically rejects any allegation that our wine producers are dumping product into China, and we continue to believe there is no basis or any evidence for these claims."
China in August began an anti-dumping probe into imports of Australian wine at the request of the Chinese Alcoholic Drinks Association. Earlier this month, the association called for retrospective tariffs on Australian wine imports.
Beijing's latest move comes against a backdrop of increasing tension between the countries after Canberra called for an international inquiry into the origins of the novel coronavirus.
China is the top market for Australian wine exports and is also Australia’s largest trading partner, with two-way trade worth A$235 billion (US$170 billion) last year.
https://news.google.com/__i/rss/rd/articles/CBMigQFodHRwczovL3d3dy5jaGFubmVsbmV3c2FzaWEuY29tL25ld3MvYnVzaW5lc3MvY2hpbmEtdG8taW1wb3NlLXRlbXBvcmFyeS1hbnRpLWR1bXBpbmctbWVhc3VyZXMtb24tYXVzdHJhbGlhbi13aW5lLWltcG9ydHMtMTM2NDk4MjLSAQA?oc=5
2020-11-27 04:30:00Z
52781209750998
Tidak ada komentar:
Posting Komentar