Recents in Beach

Australia taking China to World Trade Organization over wine duties

Australia taking China to World Trade Organization over wine duties




Is set to lodge a formal complaint with  the world trade organization against  china for levying  anti-dumping duties on australian wine  exports  australian government in a statement  said that it has decided to defend  australia's wine makers which follows a  separate action  protesting china's retaliation on its  bali  the statement said that the action is in  line with the government's support  for a rules-based trading system however  australia has also mentioned that it  is open to engage directly with china  for an amicable amicable resolution  china is australia's largest trading  partner and this move is an  escalation to the ongoing tussle between  the two countries  prime minister scott morrison had  previously warned  that his government will take action  against nations using economic coercion  against them  the action follows a week after the g7  nations  reiterated australia's call for a more  resilient action against  china the dragon has levied rigid  sanctions on a range of australian goods  in the recent past  this includes imposing tariffs for using  disrupted  practices across agricultural sectors  wine  coal and even tourism experts believe  that these measures are china's  punishment for australia  since it rejected chinese investment in  sensitive areas and called for a probe  an  investigation into the origins of kovitz  19  remember the first cases were reported  in the chinese city of  wuhan united states had announced plans  in the g7 summit to counter  china's belt and road initiative  which is beijing's effort to extend  economic influence around the world  the g7 group also promised to build back  better world project  worth billions of dollars for  infrastructure investment  in low and middle income nations  morrison had made it clear that he would  continue to push nations for  joint action against beijing's  aggressive economic policy  morrison is backed by us and france in  his government's confrontation  with china.

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