China is set to impose significant anti-dumping duties on Australian wine from Saturday.
The Chinese Ministry of Commerce has determined that Australian exporters have been dumping wine into its market.
China is increasingly targeting multi-billion dollar Australian industries including beef and grain as diplomatic tensions sour over the coronavirus, Hong Kong and South China Sea.
“There is dumping of imported wines originating in Australia … (and) it has been substantive,” the ministry said in a statement on its website.
“There is a causal relationship between dumping and material damage and it has been decided to implement temporary anti-dumping measures … in the form of a deposit from November 28.”
The ministry said the “margin ratio” for the deposit would be between 107.1 per cent and 212.1 per cent.
It said the investigation had been conducted in “strict accordance with relevant Chinese laws and regulations and WTO (World Trade Organisation) rules”.
Prime Minister Scott Morrison previously insisted he takes China’s denials of trade strikes against Australian exports at face value.
“China has denied that is what they’re doing and I can only can take that at face value,” Morrison told reporters.
Foreign Minister Marise Payne said the trade strikes were a deep concern for Australia and again called on China to observe international trade rules.
“They’re certainly the principles to which we would adhere and we expect our Chinese partners to do the same,” she told the ABC.