OPINION: There is now political will to end the trade stand-off between China and Australia. An anti-dumping settlement at the WTO would be a face-saving route for both.
From a policy perspective, the difference between “embargoes” and “anti-dumping duties” is far from semantic. Anti-dumping duties are not designed to prohibit trade, but if excessive, may have that effect.
Australian wine would still be more expensive. The difference is that the price increase would be pocketed by Australian exporters. To quote the submission: “China’s decision to impose anti‐dumping duties on imported Australian wine … was an absurd decision that was reached on the basis of findings that lacked any logical relationship to the facts on the record”.Apparently, China moved forward with the imposition of duties regardless of the strength of the underlying procedural claims.
Very importantly, our free trade agreement with China provides for duty-free access for both Australian wine and barley. If duties are still imposed after discussions, Australia and China could negotiate their timed phase-out to meet the requirements of the free trade agreement.
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