China cuts Australian beef imports
BEIJING: China suspended imports from four major Australian beef suppliers yesterday, just weeks after Beijing’s ambassador warned of a consumer boycott in retaliation for Canberra’s push to probe the origins of the coronavirus.
Analysts said the move raised concerns of a possible standoff between Australia and its most important trading partner that could spill over into other crucial sectors as it struggles to navigate the disease-induced economic crisis. Federal Trade Minister Simon Birmingham said shipments of meat from four abattoirs had been suspended over “minor technical” breaches related to Chinese health and labelling certificate requirements.
“We are concerned that the suspensions appear to be based on highly technical issues, which in some cases date back more than a year,” he added. “We will work with industry and authorities in both Australia and China to seek to find a solution that allows these businesses to resume their normal operations as soon as possible.”
The four abattoirs account for around 35 percent of Australia’s beef exports to China in a trade worth about Aus$1.7 billion (US$1.1 billion), according to national broadcaster ABC. Beijing has also flagged major tariffs on Australian barley over allegations it is dumping the grain in China—selling it for less than it costs to produce. The Australian Financial Review cited confidential documents as saying Beijing is considering duties of 73.6 percent.
Tensions between the two have increased since Australia started calling for an independent investigation into the origin of the coronavirus outbreak, which began in China before spreading around the world, killing more than 280,000, infecting millions and shattering the global economy.—AFP