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Australia fears China will block its barley exports on bogus dumping rap
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Posttime:2020-06-01
AUSTRALIA has annoyed China by calling for an independent investigation into the origins of the coronavirus pandemic, which has allegedly prompted threat of 80 per cent tariffs for dumping on Australian barley export.
"We won't be selling barley to China in the foreseeable future under this tariff regime," said Graingrowers chairman Brett Hosking, who farms three hours northwest of Melbourne. "The biggest hit is going to be to our growers in our small rural communities."
"China never says it's retaliation, but China does have a history of using agricultural trade as a political lever, going back at least 10 years," said Tim Hunt, Rabobank's head of food and agribusiness research for Australia, reports Bloomberg News.
Said Australian Meat Industry Council CEO Patrick Hutchinson: "We've gone through these issues before. These are non-tariff issues we have to deal with on a daily basis."
Australia's Finance Minister Mathias Cormann downplayed the trade spat: "In any relationship from time to time there will be disagreements on certain issues."
source:Schednet
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