The photo dated December 5, 2020 shows the wine made from cherry in the city of Young, Australia. The city of Young is known as the “Cherry Capital of Australia”.
Chu Chen | Xinhua News Agency | Getty Images
Australia is considering embroiling the World Trade Organization in an ongoing dispute with China, Trade Minister Dan Tehan told CNBC on Wednesday.
China’s Ministry of Commerce announced in March anti-dumping tariffs of between 116.2% and 218.4% on Australian wine imports – measures that are expected to last five years. Last year it launched an anti-dumping probe against wine imports from Down Under and introduced provisional tariffs.
Separately, China imposed additional temporary tariffs of around 6.3% to 6.4% in December, according to another study of Australia’s wine subsidy programs.
“We worked very closely with the Australian wine industry to understand the damage caused by China’s actions,” said Tehan, who is also Minister for Tourism and Investment, in CNBC’s Squawk Box Asia.
“We will be making an announcement in the coming weeks whether we will go to the WTO on wine,” he said.
I’ve written to my Chinese colleague … I hope we can sit down and work through these issues. Dialogue is the best way to solve problems.
Australia’s Minister for Trade, Tourism and Investment
Tehan reiterated Australia’s call to enter into dialogue with China to resolve outstanding issues – something other Australian officials have repeated in the past.
“I wrote to my Chinese counterpart,” he said, explaining that Canberra wanted a constructive relationship with Beijing. “I have not yet received a reply to this correspondence, but I hope we can sit down and resolve these issues. Dialogue is the best way to solve problems. “
Meanwhile, Tehan said Australia is looking at ways to find new markets for its products. She is currently negotiating a free trade agreement with the UK and the European Union.
“We’re always looking for other opportunities to pursue, be it through our existing trading partners or by exploring new avenues,” he added.