(Sydney Comprehensive News) The World Trade Organization (WTO) ruling the final term of the wine trade dispute between China and Australia, and Australian Prime Minister Albanis was optimistic about the breakthrough in the dispute.
Complex Reuters and Canberra Times reported that Albanis said in an interview with the media on Tuesday (October 17), "I have great hope for eliminating obstacles in wine trade."
According to the Canberra Times, both Australia and China have received relevant reports from the WTO. This report will not be public in the next few weeks, so that the two countries can consider assessing their conclusions.
Australia appealed to the World Trade Organization in 2021, referring to China's tariffs on Australian wine.Australia rejected China last month to propose a "package solution" that bundled wine with other trade issues.
China was the largest wine export market in Australia before the outbreak of the epidemic. The export volume reached 1.2 billion (Australian, the same as S $ 1055 billion) as of 12 months as of January 2020).During the peak of diplomatic disputes in China Australia in 2020, China imposed trade sanctions on Australian products worth 20 billion.
China announced the cancellation of tariffs on imported Australian barley in August this year, and Australia simultaneously stated that it would withdraw appeal to the WTO.Reuters pointed out that since Beijing's restrictions on the implementation of Australian exported goods, the relationship between China and Australia has been heating up as a trading partner.
Albanis revealed that he plans to visit China this year, and if he is in line, it will be the first visit to China by Australian leaders since 2016.
