BEIJING TO SLAP EXTRA 6.3% TO 6.4% ANTI-SUBSIDY DUTIES ON AUSSIE WINES FROM TOMORROW
By Tony Zhu
Credit: Siulan Law Mathews
China's Ministry of Commerce said today it will impose anti-subsidy duties ranging from 6.3% to 6.4% on Australian wine imports from tomorrow, dealing another blow to Australian wine exporters.
In a preliminary ruling of the anti-subsidy investigation launched on 18 August, the ministry found that China's domestic wine producers have been subject to substantial damages due to the subsidies received by Australian wine producers.
The preliminary ruling, which is posted on the ministry’s website today, said exporters of Australian wine are required to pay anti-subsidy duties ranging from 6.3% to 6.4% effective tomorrow.
The Ministry of Commerce announced on 27 November anti-dumping duties ranging from 107.1% to 212.1% on Australia wine imports in a preliminary ruling of an anti-dumping investigation.
The addition of the anti-subsidy duties will make total duties on Australian wine imports to range from 113.4% to 218.5% from tomorrow.
“I think that’s pretty good evidence that there’s no significant subsidy in the Australian industry, which is nothing new,” said Tony Battaglene, Chief Executive of Australian Grape and Wine.
“Obviously, I don’t agree that there’s enough for even that much. In real terms, the additional 6.3%, for that sort of margin on top of the existing tariffs, makes no commercial difference,” added Battaglene.
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