COMMUNIST CHINA IS NO FRIEND - Note who is supporters of the 'enemy'
China hits us with a cotton-pickin’ ban
Experts have branded the cotton ban a clear violation of world trade laws — as well as a breach of the spirit of the landmark China-Australia Free Trade Agreement.
BEN PACKHAM FOREIGN AFFAIRS AND DEFENCE CORRESPONDENT @bennpackham AN HOUR AGO OCTOBER 16, 2020
The cotton industry says there is no doubt that China has slapped covert restrictions on Australian producers by verbally conveying a freeze on orders to up to 14 Australian sellers.
As the Morrison government warned China against taking “discriminatory actions” aimed at Australian farmers, experts have branded the cotton ban a clear violation of world trade laws — as well as a breach of the spirit of the landmark China-Australia Free Trade Agreement.
China watchers say it is clear that Beijing is now systematically moving to replace Australian exports to the country, undermining recent optimism that the ruling Chinese Communist Party wanted to improve bilateral ties.
Australian Cotton Shippers Association chair Michael O’Reilly said Australian sellers were informed of the informal ban last weekend by Chinese cotton mills and their agents, in what appears to be a co-ordinated strategy.
“There are about 14 merchants selling Australian cotton (into China). The message was consistent and overwhelming,” he said.
“They were told that the China National Development and Reform Commission was informing mills verbally not to purchase any more Australian cotton, otherwise their import quota for next year would be wiped.”
READ MORE:Cotton may be next victim of China tensions
The association spent all week confirming the news before going public, noting that inquiries about sales of cotton had ground to a halt since word of the ban broke.
“All this week, I am not aware of a single inquiry out of China for this market,” Mr O’Reilly said.
Normally, Australian cotton is sold into China under an 890,000-tonne, tariff-free quota. After the quota is filled, the tariff then reverts to 40 per cent.
Unlike China’s recent trade bans on Australian beef, barley and wine, Beijing’s targeting of Australian cotton is outside official channels and harder to prove.
The Morrison government will now monitor cotton export volumes to China over the next three months to build a case that it can take to the World Trade Organisation in Geneva.
Trade Minister Simon Birmingham warned China that Australia would treat any unauthorised ban “very seriously”.
read on...
www.theaustralian.com.au/nation/politics/china-hits-us-with-a-cottonpickin-ban/news-story/213aa811cf033c029abe780387c32d18
China hits us with a cotton-pickin’ ban
Experts have branded the cotton ban a clear violation of world trade laws — as well as a breach of the spirit of the landmark China-Australia Free Trade Agreement.
BEN PACKHAM FOREIGN AFFAIRS AND DEFENCE CORRESPONDENT @bennpackham AN HOUR AGO OCTOBER 16, 2020
The cotton industry says there is no doubt that China has slapped covert restrictions on Australian producers by verbally conveying a freeze on orders to up to 14 Australian sellers.
As the Morrison government warned China against taking “discriminatory actions” aimed at Australian farmers, experts have branded the cotton ban a clear violation of world trade laws — as well as a breach of the spirit of the landmark China-Australia Free Trade Agreement.
China watchers say it is clear that Beijing is now systematically moving to replace Australian exports to the country, undermining recent optimism that the ruling Chinese Communist Party wanted to improve bilateral ties.
Australian Cotton Shippers Association chair Michael O’Reilly said Australian sellers were informed of the informal ban last weekend by Chinese cotton mills and their agents, in what appears to be a co-ordinated strategy.
“There are about 14 merchants selling Australian cotton (into China). The message was consistent and overwhelming,” he said.
“They were told that the China National Development and Reform Commission was informing mills verbally not to purchase any more Australian cotton, otherwise their import quota for next year would be wiped.”
READ MORE:Cotton may be next victim of China tensions
The association spent all week confirming the news before going public, noting that inquiries about sales of cotton had ground to a halt since word of the ban broke.
“All this week, I am not aware of a single inquiry out of China for this market,” Mr O’Reilly said.
Normally, Australian cotton is sold into China under an 890,000-tonne, tariff-free quota. After the quota is filled, the tariff then reverts to 40 per cent.
Unlike China’s recent trade bans on Australian beef, barley and wine, Beijing’s targeting of Australian cotton is outside official channels and harder to prove.
The Morrison government will now monitor cotton export volumes to China over the next three months to build a case that it can take to the World Trade Organisation in Geneva.
Trade Minister Simon Birmingham warned China that Australia would treat any unauthorised ban “very seriously”.
read on...
www.theaustralian.com.au/nation/politics/china-hits-us-with-a-cottonpickin-ban/news-story/213aa811cf033c029abe780387c32d18
COMMUNIST CHINA IS NO FRIEND - Note who is supporters of the 'enemy'
China hits us with a cotton-pickin’ ban
Experts have branded the cotton ban a clear violation of world trade laws — as well as a breach of the spirit of the landmark China-Australia Free Trade Agreement.
BEN PACKHAM FOREIGN AFFAIRS AND DEFENCE CORRESPONDENT @bennpackham AN HOUR AGO OCTOBER 16, 2020
The cotton industry says there is no doubt that China has slapped covert restrictions on Australian producers by verbally conveying a freeze on orders to up to 14 Australian sellers.
As the Morrison government warned China against taking “discriminatory actions” aimed at Australian farmers, experts have branded the cotton ban a clear violation of world trade laws — as well as a breach of the spirit of the landmark China-Australia Free Trade Agreement.
China watchers say it is clear that Beijing is now systematically moving to replace Australian exports to the country, undermining recent optimism that the ruling Chinese Communist Party wanted to improve bilateral ties.
Australian Cotton Shippers Association chair Michael O’Reilly said Australian sellers were informed of the informal ban last weekend by Chinese cotton mills and their agents, in what appears to be a co-ordinated strategy.
“There are about 14 merchants selling Australian cotton (into China). The message was consistent and overwhelming,” he said.
“They were told that the China National Development and Reform Commission was informing mills verbally not to purchase any more Australian cotton, otherwise their import quota for next year would be wiped.”
READ MORE:Cotton may be next victim of China tensions
The association spent all week confirming the news before going public, noting that inquiries about sales of cotton had ground to a halt since word of the ban broke.
“All this week, I am not aware of a single inquiry out of China for this market,” Mr O’Reilly said.
Normally, Australian cotton is sold into China under an 890,000-tonne, tariff-free quota. After the quota is filled, the tariff then reverts to 40 per cent.
Unlike China’s recent trade bans on Australian beef, barley and wine, Beijing’s targeting of Australian cotton is outside official channels and harder to prove.
The Morrison government will now monitor cotton export volumes to China over the next three months to build a case that it can take to the World Trade Organisation in Geneva.
Trade Minister Simon Birmingham warned China that Australia would treat any unauthorised ban “very seriously”.
read on...
www.theaustralian.com.au/nation/politics/china-hits-us-with-a-cottonpickin-ban/news-story/213aa811cf033c029abe780387c32d18
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