BEIJING: China added to tensions with Australia on Monday (May 18) by announcing anti-dumping and anti-subsidy duties totalling 80.5 per cent on ...
BEIJING: China added to tensions with Australia on Monday by announcing anti-dumping and anti-subsidy duties totalling 80.5 per cent on Australian barley imports from Tuesday, which is expected to all but halt a billion-dollar trade between them.
Australia is the biggest barley supplier to China, exporting about A$1.5 billion to A$2 billion worth a year, which is more than half its exports."There aren't many alternative markets. It could be sold to Saudi Arabia, but it will be heavily discounted to what Australian farmers could have received by selling to China," an Australian government source told Reuters.
"It's very replaceable," said Andries De Groen, managing director at Germany headquartered barley trader Evergrain."We reject the basis of this decision and will be assessing the details of the findings while we consider the next steps," Birmingham said in an emailed statement.
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