80% tariff on Australian barley imports, locks Farmers out of Chinese market.
Australian farmers are facing a major financial hit as for the next 5 years China’s new trade tariffs will lock them out of their premium market, forcing barley exporters to try and sell their grain to a less lucrative and more competitive global markets.
Hitting back in retaliation to Australia’s push for an investigation into COVID-19 China moved swiftly to punish Australia. The Ministry of Commerce conducted an investigation in strict accordance with China’s relevant laws and regulations.” It said the anti-dumping tariff would be 73.6 per cent, while the anti-subsidy tariff would be 6.9 per cent.
Struggling with drought, a warning from Australia’s barley exporters say that the tariffs could cripple the industry which had already seen exports slashed from $1.5 billion to $600 million last year.
Speaking on the Today show, Trade Minister Simon Birmingham says Australia was not told in advance of what China planned to do.“We learnt through the official notification that the Chinese Government made. It’s a deeply disappointing decision particularly for Australian barley farmers,”
“This is a decision that reflects on the Chinese Government. We’ll look at the details of it carefully and closely. It is a deeply disappointing decision.
“We’ll analyse all the details of it thoroughly and reserve all our rights in terms of how we appeal, how we respond.”
Australia exports about 730,000 tonnes of malted barley each year, mainly to countries in Asia for brewing beer. Western Australian farmers will feel the brunt of the tariffs; about 88 per cent of barley exports to China come from WA.
China’s Commerce Industry confirmed it will levy anti-dumping duties on barley imports from May 19.