Caixin
Aug 05, 2023 06:09 AM
ECONOMY

China Scraps Australian Barley Tariffs as Trade Relations Thaw

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Beijing imposed tariffs of more than 80% on Australian barley in May 2020
Beijing imposed tariffs of more than 80% on Australian barley in May 2020

(Bloomberg) — China will scrap import tariffs on Australian barley starting Aug. 5 in the latest sign of improving ties between the two countries.

The Ministry of Commerce said it’s no longer necessary to continue imposing anti-dumping and anti-subsidy tariffs on Australian barley following changes in the Chinese market, according to a statement issued Friday.

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