China News - According to information received by World News Superfast, Trade Minister Simon Birmingham said - Australia will begin a formal appeal to the World Trade Organization on Wednesday. China's decision to impose a heavy duty on Australian barley imports will be reviewed. Appeals may take years to resolve. Birmingham told reporters that Australia would also request formal consultation with China. Regarding dumping and other duties on Australian barley amid increasingly bitter trade and diplomatic row between the two countries.
This year soured relations after Canberra proposed an independent investigation into the origin of the coronavirus virus
First reported in central China last year. According to information received by World News Superfast, in May, Beijing imposed a total of 80.5 per cent of Australian barley in five years of anti-dumping and anti-subsidy duties. Effectively stopping a billion dollar business in its tracks. Australia has denied allegations in which it has subsidized local barley production.
Birmingham said - it would seek formal intervention from the WTO
According to information received by the World News Superfast, Birmingham stated, "Australia has an incredibly strong case of protecting the integrity and ownership of our grain growers and barley growers. The Australian Government's Chinese Embassy requested comment Did not immediately respond to the email. It is unclear how effective Australia's decision to appeal in the WTO would be.
The trouble with this barley-WTO item is that it will take a long time
Peter McCauley, an economist at the Australian National University, told World News Superfast Publication that, it would normally be over a year. In a way, the appeal to the World Trade Organization is actually more symbolic than any immediate impact. It is really just digging its heels in Australia and sending another signal to China. On the Chinese side, I think they didn't care much. There is no simple solution to this situation, McCauley said.
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