7 types of export products are pulled from the list? The Australian Minister hurriedly discussed the argument, asking China to”obey the rules”
China has been Australia’s largest trading partner, largest export market and largest source of imports for many years . Australia’s economic development is highly dependent on China. As the current Sino-Australian relationship continues to be cold, any”turbulence” in exports to China is enough to make Australia feel uneasy.
Australian Broadcasting Corporation (ABC) 3 Japan revealed that a number of Chinese import distributors have received so-called”oral notices” requesting to stop importing wines of Australian origin. The world’s largest independent winery, Fuyi Group, claimed on the same day that the China Liquor Association has applied to the Ministry of Commerce to impose retroactive tariffs on some imported Australian wines, and stated that this is part of China’s anti-dumping investigation against Australian wines.
Other Australian media revealed that wine is not the only target. Imported lobster, sugar, coal, wood, Wool, barley and copper ore have also been included in the”No Import List” with a total value of about A$6 billion. They cannot pass Chinese customs inspections after November 6.”Australian Financial Review” pointed out on the 3rd that this”import ban list” has made Australian companies that rely on the Chinese market”tremble.” On the same day, the share price of a copper exploration company plunged 8%.
However, the Australian media admitted that this widely circulated so-called”list” has not been confirmed. However, Bloomberg in the United States still hyped up that this is so far China’s”widest strike” on Australian products. In this regard, Australian Trade Minister Simon Birmingham quickly discussed with China on the 4th, hoping that the Chinese government can provide a definitive statement to Australian and Chinese companies facing potential interference. He also urged China to”abide by the rules.”
China is the largest exporter of Australian wine In the market, the total annual export to China amounts to 1.2 billion Australian dollars. In August of this year, the Ministry of Commerce of China announced that it has decided to conduct a “dual reverse” investigation on imported wines originating in Australia and packed in containers of 2 liters or less. Foreign Ministry spokesperson Zhao Lijian immediately emphasized that this is a normal anti-dumping investigation.
p style=”text-align:start” >In response to the rumors that”China has ordered the cessation of imports of 7 categories of Australian commodities,” Foreign Ministry spokesperson Wang Wenbin said on the 3rd , The inspection and quarantine measures adopted by relevant Chinese institutions on related imported products are carried out in accordance with laws and regulations. China has always believed that a healthy and stable China-Australia relationship is in the fundamental interests of the two peoples. It is hoped that Australia will do more things that are conducive to mutual trust and cooperation between China and Australia and that are in line with the spirit of China-Australia comprehensive strategic partnership, so as to bring bilateral relations back to the right track at an early date.