HomeBusinessAustralia seeks to join WTO talks on China-EU trade row

Australia seeks to join WTO talks on China-EU trade row

MELBOURNE :Australia will search to be included in consultations a couple of trade dispute between the European Union and China launched by the EU on the World Trade Organisation, the Australian trade minister mentioned on Saturday.

Thursday’s EU problem accuses China of discriminatory trade practices towards Lithuania, saying they threatened the integrity of the one market.

“Australia has a substantial interest in the issues raised in the dispute brought by the European Union against China … and will request to join these consultations,” Trade Minister Dan Tehan mentioned in an announcement.

China, which regards self-governed Taiwan as its personal territory, has downgraded ties with Lithuania and pushed corporations to sever hyperlinks with the Baltic nation of two.8 million folks after it allowed Taiwan to open a de facto embassy in Vilnius. [L8N2U71GE]

Its strictures embrace a refusal to clear Lithuanian items via Chinese customs, rejection of import functions from Lithuania and stress on EU corporations to take away Lithuanian content material from provide chains when exporting to China.

Relations between Australia and China, its high trade companion, soured after Canberra banned Huawei Technologies from its 5G broadband community in 2018, toughened legal guidelines towards international political interference, and urged an impartial investigation into the origins of COVID-19.

Beijing responded by freezing ministerial contacts and imposing tariffs on a number of Australian commodities, corresponding to coal, beef, barley and wine.

Australia has filed two WTO complaints prior to now 18 months over China’s duties on imports of bottled wine and barley.

In an announcement on Saturday, the international ministry mentioned Australia “welcomes” an invite from France to participate in a February assembly of Indo-Pacific international ministers.

“Australia greatly values cooperation with France and with Europe, including in the Indo-Pacific,” it mentioned in an e-mailed assertion, with out saying if Foreign Minister Marise Payne would attend.

Australia’s relations with France, which holds the rotating six-month presidency of the EU Council, have additionally soured after Canberra signed a safety pact final yr with Britain and the United States, dubbed AUKUS, scrapping a multi-billion-dollar submarine take care of France.

The pact, broadly seen as an try to shore up regional navy muscle within the face of China’s rising presence, riled Beijing, but additionally triggered fury in France.

(Reporting by Lidia Kelly; Editing by Stephen Coates and Clarence Fernandez)

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