Canberra, Australia (AP)-World Trade Organization punishes “in case of inappropriate behavior” prior to a summit of seven in the UK hoping to gain support in a trade dispute with China Should be given on Wednesday.
Prime Minister Scott Morrison said Australia “strengthens the role of the World Trade Organization and works with other countries to modernize its rulebook as needed.”
In a speech at the City of Perth on the west coast of Australia, Morrison said, “In discussions with many leaders, we are ready to withstand the recent economic coercion of Australia before leaving for the G7 conference. I got a lot of encouragement from the support of what I was doing, “in Cornwall.
In December, the Australian government announced that it would request the WTO to intervene in the conflict with China over barley and hope that other countries would be involved in the case.
China virtually stopped importing Australian barley in May 2020 and imposed tariffs of 80% or more on its grains.
Australia’s seafood, timber, beef, wine and coal trade has also been disrupted since Australia angered China by demanding an independent investigation into the origin of the coronavirus pandemic.
The Geneva-based WTO is developing rules to control international trade, but faces demands for restructuring and reform as it struggles to conclude the long-awaited World Trade Agreement.
“A well-functioning WTO that sets clear rules and mediates conflicts objectively and efficiently will impose penalties in the event of inappropriate behavior. This is economical for the international community. It can be one of the most powerful tools to counter coercion, “Morison said.
U.S. Secretary of State Antony Blinken said last month that the U.S. would not leave Australia alone to face coercion from China, and such actions against U.S. allies hinder improved relations between Washington and Beijing. Said.
In his speech, Morrison said the most realistic way to deal with economic coercion was to restore the WTO’s binding dispute resolution system.
“If forced action has no consequences, there is little incentive for restraint,” Morrison said.
At the WTO Ministerial Conference on Trade Reform in November, the G7 meeting “provides an opportunity to show the way forward,” he said.