China is facing pressure on multiple fronts to lift punitive tariffs imposed as part of its campaign of economic coercion.
China is facing pressure across multiple fronts to lift punitive tariffs on Australian barley, with Anthony Albanese’s trip to Beijing, the need to lock in grain supplies and avoiding an embarrassing loss before the trade umpire hinging on the decision.will be hit next Friday after the Albanese government agreed to suspend its World Trade Organisation challenge.Alex Ellinghausenunderstands the WTO’s draft ruling, which has been handed to both governments, found in favour of Australia.
Barley, exports of which had been worth $600 million a year, was the first commodity hit by China’s campaign of economic coercion.government tying the easing of trade sanctions“I’m hopeful that the goodwill we have shown by suspending our World Trade Organisation dispute, will result in a positive result,” Trade Minister Don Farrell said.
Scott Waldron, an agricultural economist at the University of Queensland, said China’s domestic barley production had nearly doubled since 2018 which meant it could argue there was now scope to lift the tariffs.“China has been on a campaign to increase its domestic barley production. A big driver for the case was food security, and that China was too reliant on imports of barley, especially from Australia,” Mr Waldron said.
Australia-China Relations Institute executive James Laurenceson said if China did not lift the tariffs, it would prompt a reassessment within the Australian government of just how committed Beijing was to improving relations.
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