China reaches consensus with Australia on wine import disputes

The authorities of China and Australia at the World Trade Organization (WTO) have reached a consensus on differences regarding the supply of Australian wine and wind turbines. This was reported by the Ministry of Commerce of the People's Republic of China. "Negotiations on trade disputes regarding [Australian] wine and wind turbines took place in a friendly atmosphere. During the consultations, consensus was reached on the successful resolution of differences," the statement said. It clarifies that Beijing considers Canberra an important trading partner. “We are ready to cooperate with Australia, we will continue to maintain dialogue and hold consultations, meet each other halfway, and jointly promote the stable and healthy development of bilateral trade and economic relations,” it emphasizes. In 2020, China increased tariffs on barley and wine from Australia, and also imposed restrictions on the import of coal and other goods from this country ...