The WTO (World Trade Organization) should punish any bad behaviour, said the PM of Australia on Wednesday before one Group of seven leader’s meet in Britain and hopes to get support in one trade dispute the nation has with China.
PM Scott Morrison stated that Australia will work with the others to strengthen WTO’s role and modernize its old rulebook wherever necessary.
Morrison said that as per his discussions with several leaders, he has taken encouragement from support received for Australia’s alertness to withstand the recent economic coercion.
The government of Australia announced last December that it would ask WTO for intervening in its barley trade dispute with the Chinese government and expects that the other countries will become part of the case too.
China ended imports of the Australian barley last May by imposing tariffs of over 80% on it, accusing Australia for breaching the WTO guidelines by subsidizing the barley manufacturing and selling the grain in China below the production cost.
The trade in Australian coal, wine, beef, wood and seafood has been disputed as well since Australia made China furious by requesting one inquiry into coronavirus origin.
Meanwhile, WTO is facing calls to restructure its international trade guidelines as it fights to create a much-awaited trade pact.