Australia China Free Trade Agreement Wine
Senator Birmingham said that China opposes both the terms of the China-Australia free trade agreement and World Trade Organization rules by imposing anti-dumping duties. Most of them have rapidly increased their incomes over the past decade, and all have been replaced by goods from other nations – which have not advanced the initiative of an independent study of coronavirus. The nature of the agricultural industry – a small workforce and with many small exporting players – also means that China`s heavy trade restrictions have a significant impact on Australia. CADA`s anti-dumping investigation, which is expected to last a year, involved three major Australian wine companies: Treasury Wine Estates, owners of brands such as Penfolds; Yellow Tail Owner Casella Wines; and Australia`s Vintage Swan. Mitchell Taylor, the chief executive of Taylors Wines, one of Australia`s largest private wine groups, said on Friday that the company was desperately trying to get four large containers of wine from a ship currently moored in Singapore en route to China. While a metaphor for the deterioration of trade relations between Beijing and Canberra was already needed, the news that millions of dollars worth of live Australian lobsters were blocked and died slowly at a Chinese airport delivered them. Bottles of Australian wine are on sale on the shelves [File: David Gray/Reuters]Indeed, China is by far Australia`s largest and most important trading partner. About a third of Australia`s total exports are now destined for China`s coasts, a market of about $111 billion (A$153 billion) in fiscal year 2018-2019. This success in China was partly facilitated by a free trade agreement (ChAFTA) signed in 2015, which increased dependence on trade. For Australian companies such as Treasury Wine, the country`s largest wine producer, China has been the foundation of growth, with Chinese consumers having developed a strong interest in their red wines, especially those bearing the famous Penfolds label. Australian Grape and Wine chief executive Tony Battaglene said wine produced by companies that have declared themselves in china`s anti-dumping investigation would receive a 107 per cent fee of 167 per cent. China`s Ministry of Commerce said its investigation, first announced in late August, had established that Australian wine was being disposed of in China, causing “considerable damage” to local industry. Madeleine King, the opposition`s trade policy spokeswoman, called on the government to present a plan to support exporters affected by the trade strikes.
In November, it turned out that some Chinese importers were telling Australian exporters that as of Friday, November 6, Chinese customs would not stop their products. This advice was given by Chinese importers at the request of unconfirmed instructions from the Chinese customs authorities, which threatened to ban copper, coal, barley, wine, sugar, lobster and wood from 6 November. The official line of the Chinese Foreign Ministry was that it did not increase pressure on Australian exporters to win diplomatic concessions, a spokesman saying that China had conducted “friendly cooperation with other countries on the basis of mutual respect.” “Australian winemakers work together. We don`t think there is evidence of dumping,” said Tony Battaglene, managing director of the Australian Grape and Wine Group. Highlighting the severity of the deteriorating relationship, a new analysis by world bank Citi warned that if China extended its trade sanctions to iron ore, Australia could, in the worst case scenario, suffer $76 billion in export revenue damage. Australia`s exports to China totaled $150 billion in 2019/20. The $7.5 billion wine giant does not disclose the value of its sales in China, but it is assumed that the Treasury generates hundreds of millions of dollars in sales in the Chinese market.