Australia accuses China of undermining world trade

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SYDNEY: Australia delivered a withering denunciation of China\u0027s trade policies Thursday (Oct 21), accusing Beijing of undermining the World Trade Organization (WTO) and foot-dragging on promised economic reforms. During a usually routine WTO review in Geneva, Canberra\u0027s representatives said China had benef

SYDNEY: Australia delivered a withering denunciation of China's trade policies Thursday , accusing Beijing of undermining the World Trade Organization and foot-dragging on promised economic reforms.

In the last 18 months, China has imposed restrictions on a long list of Australian exports as political relations between the two countries have hit their lowest point in a generation. Australian officials also revealed for the first time that the list - barley, coal, copper ores, cotton, hay, logs, rock lobsters, sugar, wine, beef, citrus fruit, grains, and table grapes - now includes dairy products and infant formula.Experts see China's sanctions on Australia as a thinly veiled message to countries across the Pacific: That challenging Beijing politically will come with serious economic cost.

 

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