IN its latest act of petulasim toward Australia China has formally tried to destroy our wine industry exports.
If we go crawling back to China presumably they will start to allow our exports into the country again.
This time China’s commerce ministry said today it will impose temporary anti-dumping measures on Australian wine imports from Saturday.
The duties will range from 107.1 per cent to 212.1 per cent.
That takes a $10 bottle of win to $33!!
The commerce ministry said in a statement announcing the measures that “there is a causal relationship between [wine] dumping and material damage”.
China is the biggest destination for Australia‘s wine exports, accounting for 39 per cent of total shipments in the first nine months of 2020, according to Wine Australia, an industry body.
The Chinese wine industry had asked for 202.7 per cent duties to cover losses due to what they claimed to be cheap Australian wine flooding the local market between 2015 and 2019, documents lodged with China’s commerce ministry said.
In an earlier briefing note on the investigations, Australian Grape & Wine, another industry body, had described short-term duties on wine shipments as “a worst-case scenario”.
China has unofficially banned Australian imports of coal, sugar, barley, lobsters, wine, copper and log timber since the start of November.
It imposed anti-dumping duties on barley earlier this year. The barley investigation that started in 2018 and concluded in May resulted in an anti-dumping duty of 73.6 per cent and a countervailing duty of 6.9 per cent, meaning a total tariff of just over 80 per cent.
China also suspended beef imports from five major meat processing plants in Queensland and New South Wales in May.