China has announced that after an 18 month investigation that it will levy punitive anti-dumping tariffs on Australian barley from today.
It said the anti-dumping tariff would be 73.6 per cent, while the anti-subsidy tariff would be 6.9 per cent.
China said the product has been imported against trade rules and the tariff will be imposed for five years. This will wipe out the export market to China for Australian barley farmers.
Trade Minister Birmingham issued a statement in which he said, “Australia is deeply disappointed with China’s decision to impose duties on Australian barley.”
Australia could take the case to the World Trade Organisation.
In the video below you can hear Simon Birmingham talking about another trade issue involving China, this time to do with the suspension of beef imports from Australia.
