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China reopens commerce in Australian barley in a brand new signal of improved relations

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China is lifting a stifling 3-year-old tariff on Australian barley in an indication of an bettering bilateral commerce relationship since Australia’s authorities modified

ByROD McGUIRK Related Press

Farm employees harvest a grain crop on a farm close to Moree, Australia, on Nov. 2, 2021. China has lifted a stifling 3-year-old tariff on Australian barley, the 2 governments confirmed Friday, Aug. 4, 2023, in an indication of their bettering bilateral commerce relationship. (Dean Lewins/AAP Picture by way of AP)

The Related Press

CANBERRA, Australia — China is lifting a stifling 3-year-old tariff on Australian barley beginning Saturday — an indication of an bettering bilateral commerce relationship since Australia’s authorities modified.

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China successfully closed its door to Australian barley in Might 2020 by imposing an 80.5% tariff after the earlier Australian authorities angered Beijing by calling for an unbiased inquiry into the origins of, and responses to, the COVID-19 pandemic.

On Friday, each governments confirmed the resumption of commerce within the grain that was value 916 million Australian {dollars} ($602 million) within the yr earlier than China blocked imports.

Australian Prime Minister Anthony Albanese welcomed the breakthrough, which comes as he plans his first go to to Beijing as authorities chief earlier than the top of the yr.

“This can be a very Positive determination,” Albanese informed reporters.

When Albanese’s authorities was elected in Might 2022, he demanded Beijing drop a sequence of official and unofficial commerce boundaries towards Australian exports — together with barley, wine, coal, beef, wooden and seafood — that have been costing producers $15 billion a yr.

China’s Ministry of Commerce mentioned in an announcement it “dominated that in view of the adjustments in China’s barley market, it was pointless to proceed to impose anti-dumping duties and countervailing duties on imported barley originating in Australia.”

The ministry gave no particulars of the choice, nor did it clarify the market adjustments.

Australia has denied China’s claims that it backed barley and wine to export it at artificially low costs, a course of referred to as dumping.

In April, Australia suspended a grievance to the World Commerce Group in a bid to reopen the Chinese language market to barley. In change, China had agreed to evaluation its duties on the grain.

With the barley commerce reopened, the Australian authorities mentioned it expects China will carry its commerce boundaries to Australian wine.

Australia’s grievance over wine stays earlier than the Geneva-based WTO.

China is Australia’s greatest buying and selling companion, with two-way commerce totaling $287 billion in 2022.

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Related Press reporter Joe McDonald in Beijing contributed to this report.



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