News

China challenges Australia anti-dumping measures at WTO

Published

3 years ago

June 24, 2021

Anthony Lucas

China has filed a lawsuit at the World Trade Organisation over Australian anti-dumping and anti-subsidy measures

The anti-dumping measures affect Chinese exports of train components, wind turbines, and stainless steel sinks.

China hopes Australia can adopt concrete measures so that bilateral trade can return to normal.

#BREAKING |🚨 China has challenged Australia's anti-dumping measures at the World Trade Organisation. pic.twitter.com/nO5279anTs
— Ticker (@tickerNEWSco) June 24, 2021

Relations between the two sides have steadily worsened since 2018, when Australia barred Huawei from building its 5G network.

Relations also went into freefall last year as Prime Minister Scott Morrison led calls for an independent probe into the origins of the coronavirus.

China opposes nations abusing trade remedy measures which damage the legitimate rights of Chinese companies and undermine the authority of WTO rules, Ministry of Commerce Spokesman Gao Feng told reporters in Beijing Thursday.

“On June 24, China filed a lawsuit against Australia’s anti-dumping and countervailing measures against imports of railway wheels, wind towers, and stainless steel sink products from China under the WTO dispute settlement mechanism,”
a press release filed to China’s Ministry of Commerce website reads.

Beijing has responded with tariffs and restrictions on imports of coal, barley, lobsters and wine.

The World Trade Organisation acts as an independent arbiter between member countries who believe their trade agreements are being infringed upon.

News

Boeing’s bad luck continues following Starliner malfunction

Published

37 mins ago

May 7, 2024

Nathan Langridge

Long-awaited first crewed test flight of the new Starliner space capsule was called off over a technical issue that launch teams could not resolve in time.

Originally scheduled for liftoff from Florida’s Kennedy Space Center, the mission aimed to demonstrate Starliner’s capabilities and certify it for regular crewed flights to the ISS, as reported by Reuters.

Money

Will Australia’s foreign investment rule create an economic boost?

Published

46 mins ago

May 7, 2024

Nathan Langridge

Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

News

Is Russia planning a sabotage across Europe?

Published

3 hours ago

May 7, 2024

Nathan Langridge

Intelligence agencies across Europe have issued warnings of a potential plot orchestrated by Russia aimed at sabotaging key infrastructure and destabilising nations.

On this episode of Hot Shots – Russia could be planning a sabotage across Europe, Trump is facing jail, a painting valued over ten million is discovered and Beoing look to ignite the commercial space race.

Ticker’s Ahron Young & Veronica Dudu join to discuss.