Home > China to impose tariffs of up to 212% on Australian wine imports as part of new measures against 'dumping'

Business
China to impose tariffs of up to 212% on Australian wine imports as part of new measures against 'dumping'

Description

Beijing, Nov 27 (EFE), (Camera: Alex Plavevski).- China will impose tariffs of up to 212.1 percent on imports of Australian wine starting Saturday as part of temporary measures against alleged unfair competition, or "dumping," according to the country’s Commerce Ministry.In a statement published Friday on its website, the Chinese Commerce Ministry said an investigation into this alleged sale at a loss by Australian exporters has preliminarily concluded that "there is unfair competition in imported wines from Australia."According to the source, "there is a causal relationship between selling at a loss and material damage (in the local industry), and it has been decided to implement temporary measures against unfair competition on the aforementioned products" in the form of tariffs ranging from 107.1 percent to 212.1 percent.FOOTAGE OF WINE SHOPS IN SHANGHAI, CHINA.

Added on the 27/11/2020 13:00:00 - Copyright : EFE Inglés

To customise your video :

Generic export code

More videos on the subject

China slaps Australian wine with anti-dumping tariffs

In a blow to Australian winemakers, China has slapped anti-dumping tariffs on Australian wine exports. Canberra denies the allegations of dumping. Meanwhile, the UK is to set up a digital services watchdog to stop tech giants like Facebook and Google abusing their market dominance. Finally, Amazon has announced that it will offer holiday bonuses to its employees – of just a fraction of the profits the company has made over the year.

27/11/2020 - France 24 EN
The effect of Australian wine tariffs in China

Shanghai, Dec 11 (EFE/EPA).-The recent tariffs of up to 212.1 percent on the import of Australian wine in China due to alleged disloyal competition have opened a window to other wine competitors in the largest market of the world.(Camera: ALEX PLAVEVSKI)SHOT LIST: A WINE STORE IN SHANGHAI, CHINA.

11/12/2020 - EFE Inglés
China to cut tariffs on US imports as coronavirus threatens economy

China is to cut tariffs on around $75 billion of US imports, just weeks after Beijing and Washington signed their 'phase one' trade agreement. The move will help China to meet its commitment to purchase more US goods, at a time when the economy is suffering from the effects of the coronavirus outbreak. Also today, we look at some of the other industries affected by the epidemic.

06/02/2020 - France 24 EN
US, China impose new tariffs on each other's goods

The US has slapped a new round of tariffs on $200 billion worth of Chinese imports. China has retaliated with import duties on $60 billion worth of American goods. The latest tit-for-tat comes as Beijing refuses new talks with Washington. Also, trying to keep deficit in check... the French government unveils its proposal for next year's budget, with cuts in taxes but also in jobs.

24/09/2018 - France 24 EN
US prepares to impose a new round of trade tariffs on China

International trade

15/09/2018 - Euronews EN