Published: 10:55, March 27, 2024 | Updated: 17:11, March 27, 2024
WTO says Aussie duties on Chinese steel products flawed
By Reuters

This photo taken on April 2, 2019 shows the WTO logo on the main gate of the World Trade Organization in Geneva, Switzerland. (PHOTO / XINHUA)

BERLIN/SYDNEY - A World Trade Organization panel has found that duties imposed by Australia in a steel products dispute with China were flawed - a ruling that Canberra said it accepted.

China launched the complaint in June 2021 - during a period of intense bilateral political and trade tensions - over anti-dumping and anti-subsidy measures on railway wheels, wind towers and stainless steel sinks.

In all three categories, the WTO said Australia's investigating authority, the Anti-Dumping Commission, had acted inconsistently with some articles of its rules.

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China is the largest trading partner of Australia

Australian Trade Minister Don Farrell said in a statement that the panel had found some technical issues with how the duties were calculated.

"Australia will engage with China and take steps to implement the panel's findings," Farrell said.

"The report does not diminish the integrity of Australia's trade remedies system. Our system is evidence-based and non-discriminatory and will continue to respond effectively to unfair trade practices."

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China called WTO's ruling objective, fair and unambiguous, and urged Australia to rectify what it called "violations" by removing the disputed tariffs.

Canberra had imposed duties totalling 10.9 percent on Chinese wind towers, 17.4 percent on railway wheels and up to 60.2 percent on stainless steel sinks.

China is the largest trading partner of Australia.