Grain Trade Australia (GTA) has welcomed the today’s announcement of a process agreed between China and Australia to review the Anti-dumping (AD) and Countervailing Duties (CVD) imposed on Australian barley exports to China.
GTA CEO Pat O’Shannassy said the announcement was an important step forward in seeking resolution of this issue and congratulated both the Australian and Chinese Governments for their work to reach this agreement.
“China was historically a very important export market for barley from Australia over many decades, with very strong customer relationships and considerable cooperation between industry partners in plant breeding and technical support to meet China’s needs”, Mr O’Shannassy said.
“Our barley exports to China peaked at 6.3 million tonnes in 2016-17 before falling to negligible levels once the duties were imposed in 2020, so we very much hope this process over the next few months will enable our trade relationships to see exports resume.
“GTA looks forward to participating in the review process if and when appropriate”, he said.
Background
China and Australia have reached an agreement which could see the timely removal of import duties on Australian barley.
This two-step process will see China initiate an expedited review of these duties on Australian barley, this week. This review over three months will include an option to extend, and also time to implement the review’s findings. Australia will also suspend the WTO dispute which will be filed today in Geneva – and if the duties are removed (from the China review) the case will be withdrawn.
Trade Minister Don Farrell and Foreign Minister Penny Wong made announcement of this process today in Adelaide, at midday AEST.
The opportunity and a process such as this, for both parties to resolve this dispute, has always been an option as part of the WTO’s processes.
Media Contact:
Pat O’Shannassy
CEO, Grain Trade Australia
Phone: +61 2 9235 2155
Email: pat.oshannassy@graintrade.org.au | www.graintrade.org.au
About GTA
GTA is a national trade association/peak body and is the focal point for the commercial grains industry within Australia. The role of GTA is to provide a framework across Industry to facilitate and promote the trade of grain. GTA Members are drawn from all sectors of the grain value chain from production to domestic end users and exporters. GTA has over 270 organisations as Members. Their businesses range from regional family businesses to large national and international trading/storage and handling companies who are involved in grain marketing activities, grain storage, human and stock feed milling. GTA Members are responsible for over 95% of all grain contracts, grain storage and freight movements made each year in Australia. GTA is a leader in international grain trade issues through its founding and active membership of the International Grain Trade Coalition (IGTC). A list of GTA Members can be found at www.graintrade.org.au
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Street Address
Level 7
12 O'Connell Street
Sydney NSW 2000
Postal Address
PO Box R1829
Royal Exchange
Sydney NSW 1225
Contact Us
02 9235 2155
admin@graintrade.org.au