China accuses Australian exporters of dumping barley amidst trade row
AUSTRALIAN exporters have been accused of selling barley to China at lower-than-normal prices for the past 12 months.
The accusation from China is the first major fallout for Australian exporters from the US-China trade wars.
Last week, China’s commerce ministry ordered an investigation into dumping and anti-competitive practices in what is Australia’s largest grain export market, worth about $1.2 billion.
It is believed the move is an attempt by Beijing to block Australian barley, which it claims is being “dumped” into the Chinese market below the cost of production.
Under World Trade Organisation anti-dumping rules, even while a matter is being investigated, a temporary tariff can be applied to recover damages.
The move comes just days after Australia sided with America to jointly redevelop a naval base in Papua New Guinea, prompting suggestions from some insiders the investigation has little to do with grain prices and more to do with politics.