Chinas move! These Australian businessmen are depressed: who are the six billion commodities sold to?

category:Finance
 Chinas move! These Australian businessmen are depressed: who are the six billion commodities sold to?


Temporary anti dumping measures on imported wine from Australia

It is learned from each editor that on July 6, 2020, the China Wine Industry Association, on behalf of the relevant domestic wine industry, formally filed an application for anti-dumping investigation on imported wine from Australia to the investigation authorities.

According to the review results and the provisions of Article 16 of the anti dumping regulations, the investigating authority issued the filing notice on August 18, 2020, and decided to launch an anti-dumping investigation on the imported wine from Australia.

The investigation authority has investigated the special market situation of Australian wine industry. The preliminary information shows that the supply-demand relationship and resource allocation of Australian wine market are affected by non market factors. In the preliminary ruling, the special market situation will not be identified for the time being. The investigation organ will further investigate this matter after the preliminary investigation.

At the same time, the investigation authority preliminarily ruled that there was dumping of imported wine from Australia, and the domestic wine industry suffered substantial damage, and there was a causal relationship between dumping and material damage.

According to the Ministry of Commerce, in accordance with Articles 28 and 29 of the anti-dumping regulations, the investigating authorities have decided to apply temporary anti-dumping measures in the form of security deposit. From November 28, 2020, when importing the products under investigation, the import operator shall provide the corresponding deposit to the customs of the peoples Republic of China according to the margin ratio of each company determined in this preliminary determination.

The deposit shall be calculated and levied according to the ad valorem price of the Customs approved by the customs, and the calculation formula is as follows: the amount of the deposit = (the duty paid price approved by the customs u00d7 the deposit collection rate) u00d7 (1 + the VAT rate of the import link).

According to the Ministry of Commerce, all interested parties can submit written comments to the investigation authorities within 10 days from the date of the announcement.

In addition, every editor (wechat: nbdnews) noted that on August 31, the Ministry of Commerce issued an announcement saying that since the date of the announcement, the Ministry of Commerce will conduct a countervailing investigation on imported wine from Australia. The subsidy investigation period determined in this investigation is from January 1, 2019 to December 31, 2019, and the industrial damage investigation period is from January 1, 2015 to December 31, 2019.

It is the largest market for Australian wine

According to the data released by the Australian Ministry of foreign affairs and trade on the Ministry of Commerces website, China won the title of Australias largest trading partner in the 2018-19 fiscal year, with bilateral trade volume as high as $235 billion.

According to the report, the proportion of Australian exports to China rose to more than 41% for the first time in the six months to August this year. Australia is Chinas fifth largest source of imports, and one of the developed economies most dependent on China as an export market for its commodities, especially raw materials.

Among them, wine is an important product of Australia. China is the largest market for Australian wine. According to the report, the export volume of Australian wine to the Chinese market increased by 13% to a $1.25 billion (about 6 billion yuan at the current exchange rate) and the export volume fell by 11% to 137 million liters (equivalent to 15.2 million cartons and 9-liter packages).

Australia accounted for 37% of Chinas wine imports in the 12 months to may 2020, far ahead of Frances 27%, Chiles 13% and Italys 6%, according to the import data released by Wine Australia on Global trade atlas.

Independent of picture and text (source: photo web)

Recently, at a regular press conference of the Ministry of foreign affairs, a reporter asked: Recently, we have seen that China has adopted a series of restrictive measures against a variety of Australian imports. In response, Australian Trade Minister Birmingham recently said whether we can sit down at the negotiation table and have a dialogue. The ball is on the Chinese side. Some Australian media also said that Australia should not give up its national interests What is Chinas comment on values?

Foreign Ministry spokesman Zhao Lijian said that looking back on China Australia relations in the past few years, some people in Australia stuck to the Cold War mentality and ideological prejudice, regarded Chinas development as a threat, and then adopted a series of wrong words and deeds related to China. This is the fundamental reason for the sharp decline of Sino Australian relations and the difficulty.

Zhao Lijian stressed that the serious difficulties currently facing China Australia relations are something that China does not want to see, and the responsibility for this situation is entirely not on China. Australia should face up to the crux of the setback in bilateral relations, look at China and Chinas development objectively and rationally, earnestly uphold the principle of mutual respect and equal treatment, handle bilateral relations, and do more things conducive to enhancing mutual trust and promoting cooperation between the two countries.

Australian Prime Ministers painting style changes

According to the exchange policy and exchange 23 in Washington, D.C., Morrison was forced to give a policy exchange speech in Beijing. He added that Australias action was not part of a strategic move to try to contain China..

Our actions have been wrongly viewed and interpreted only from the perspective of strategic competition between China and the United States. Its like Australia, as an independent sovereign state, does not have its own independent interests or views, Morrison claimed. This is wrong and unnecessarily worsens the relationship between the two countries.

In addition, Morrison also mentioned in his speech that Chinas economic rise is good for Australia and even the global economy.

Later, he spoke highly of Chinas poverty alleviation efforts. No country can lift so many people out of poverty like China. Australia is happy to play its part in the economic release of millions of Chinese, he praised

In addition, in an interview with the media on November 26 local time, Morrison talked about Sino Australian relations when asked about the detention of Australian coal ships in China. He said that although the current relationship between the two countries is in an unusual period, Australia wants to live in harmony and establish positive relations with China. They are our biggest trading partners.

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