Spotlight on world trade
As the COVID-19 pandemic resulted in strict national lockdowns around the world, bilateral trade agreements between some countries have thrived, while others have suffered.
CHINA-AUSTRALIA
In November 2020, China implemented an up to 212% tariff on wines imported from Australia, citing wine ‘dumping’ as a reason for the tariffs. Australia has subsequently vehemently denied this.
According to some reports, China was agitated after Australian authorities called for a detailed investigation
