Last: 
Australia and China have reached an agreement to resolve their dispute over malted barley imports, Australian Foreign Minister Penny Wong confirmed on Tuesday, the latest sign of improving relations between the two countries. This time, we summarize high-impact news information from the yahoo.com website, citing news from Reuters.
.webp)
Wong told reporters that Australia would suspend its case at the WTO while China would review the proposed tariffs on the grain. Wong also said that China had agreed to expedite a review of the proposed tariffs on Australian barley for a period of three months, extendable by a quarter if necessary. The Australian foreign minister added that in return, they had agreed to temporarily suspend the WTO dispute for an agreed review period. The government is hoping for a similar outcome in the two countries' dispute over tariffs on wine. Australia lodged a complaint with the WTO in 2020 over anti-dumping and countervailing duties imposed by China on Australian barley, a source of conflict between the two countries in recent years. Relations have improved since the centre-left Labor party won power in Australia last year, with the Australian foreign minister meeting his Chinese counterpart Wang Yi in Beijing in December, the first visit by an Australian foreign minister since 2019.
|
also read : Gold Prices Drop Due to OPEC+ Oil Production Cuts |
Warning!
This analysis is based on fundamental and technical views from trusted sources, not advice or invitation. Always remember that this content is intended to enrich the reader's information. Always use independent research first regarding other forex information to be used as a reference in your trading.
Enjoy the Ease of Trading & Take Profit in Just One Application, Download Now!
