Australian barley growers have become victims of the truce in President Donald Trump's trade war with China, with US and Canadian growers likely to pick up the sales effectively denied to Australia by the 80 per cent tariff China has imposed on our barley exports.
Vietnam on Monday ratified a significant trade deal with the European Union, which is expected to boost the country’s manufacturing sector and exports, as it recovers from a dip caused by the coronavirus pandemic.
The Ministry of Industry and Trade has urged enterprises to be aware of and not participate in origin fraud, illegal transshipment and evasion of trade remedies to avoid the risks of being sued.
When Australian trade with China is disrupted, commentary quickly gravitates towards the frame of economic coercion. With such deeply intertwined trade relations, coercion is, in reality, only one possible cause.
The government has extended anti-dumping duty on a certain variety of steel products till December 4 this year with a view to guard domestic manufacturers from cheap imports coming from China, Malaysia and Korea.
The Ministry of Industry and Trade has formally asked that the Republic of Korea (RoK) consider imposing a reasonable tax rate based on provisions outlined in the Vietnam-Korea Free Trade Agreement (VKFTA).