China has agreed to lift tariffs on Australian barley, exports of which had been worth $600 million a year, as it backs down on a campaign of economic coercion.
from Saturday in a key concession to more than $20 billion worth of sanctions on exports imposed at the height of political tensions between Canberra and Beijing.
The decision is a big backdown by Beijing over its campaign of economic coercion against Australia and paves the way for the potential removal of restrictions on other products. “In the meantime, we are continuing to pursue our wine dispute at the WTO and remain confident in a positive outcome.”& “We are very pleased to see the bilateral relationship is continuing to improve in such a tangible way, following on from the steady increase in political engagement we’ve seen in recent months.“
China imposed an 80.5 per cent tariff on Australian barley in May 2020, claiming it was being dumped and undercutting local producers, just weeks after the Morrison government angered Beijing with its call for an investigation into the origins of the coronavirus pandemic.
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