The Albanese government will suspend a WTO challenge to China’s barley tariffs after Beijing agreed to an expedited review, in the latest easing of trade tensions.
China will review its punitive tariffs on Australian barley and avoid a potentially adverse ruling by the trade umpire, in a major backdown by Beijing over its campaign of economic coercion against $20 billion of Australian exports.
“The three-month suspension and the expedited review that China is engaging in represents a significantly shorter time frame for resolution of this dispute than if we continued at the WTO. This would potentiallyAdvertisement preferred method of resolving these sort of trade disputes is to discuss and to negotiate with our trading partners,” Senator Farrell said.
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