China lifted tariffs on Australian barley in August last year following a similar process, after Labor paused a WTO dispute in exchange for a review.
China has recommended dropping tariffs on Australian wine exports worth $1 billion in an interim decision.
Beijing will announce its final decision later this month, but the move has sparked hope the tariffs will be fully removed.Foreign Minister Penny Wong said the government had stabilised the relationship with China without compromising the nation’s values.“We continue to press for all remaining trade impediments to be removed.”“It vindicates the government’s preferred approach of resolving trade issues through dialogue rather than disputation,” he said.
“We remain cautiously optimistic about the forthcoming decision and will await MOFCOM’s final determination,” he said.
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