Asia Pacific, Australia news, Australian economy, Australian foreign policy, Australian politics, Business, China, International trade, Penny Wong, Rural Australia
Australia eyes backdown on wine after China agrees to scrap barley tariffs
The Australian government had agreed to suspend a World Trade Organization barley challenge in exchange for China’s review
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The Albanese government will press China to remove tariffs on Australian wine, after Beijing’s backdown on barley gave other exporters hope of a further easing of trade tensions.
China’s commerce ministry said it would scrap 80.5% tariffs on Australian barley, a measure that had wiped out trade worth nearly $1bn a year.
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