Apr 15, 2023 05:49 AM

ECONOMY

China to Review and Possibly Scrap Australia Barley Tariffs

Imports are China’s main source of barley, with Australia previously accounting for 60%–70% of the market

Imports are China’s main source of barley, with Australia previously accounting for 60%–70% of the market

(Bloomberg) — China will review its anti-dumping and anti-subsidy duties on barley imports from Australia, the Ministry of Commerce said, in a major move toward reducing trade tensions between the two nations.

The ministry gave details of the barley tariff review in a statement Friday, confirming a Tuesday announcement from the Australian government. In return, Australia agreed to temporarily suspend its case against China at the World Trade Organization.

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