Space Industry and Business News  
TRADE WARS
Cotton latest Australian product to be 'targeted' by China
by Staff Writers
Sydney (AFP) Oct 16, 2020

China has now started targeting cotton imports, Australian producers said Friday, adding to an ever-expanding list of products targeted by Beijing as relations between the two countries continue to sour.

After measures aimed at the coal, wine, beef and barley sectors -- industry officials said it "had become clear" that "China has recently been discouraging their country's spinning mills from using Australian cotton".

The value and volume of Australia's cotton exports are volatile, but are currently worth around Aus$1 billion (US$710 million) a year after benefiting hugely from a hike in Chinese tariffs on US-produced cotton.

Australia's agriculture minister David Littleproud called for the Chinese authorities to provide "clarity" on the situation and noted fair trade obligations under the World Trade Organisation.

Relations between Beijing and Canberra have worsened in recent years, with China appearing increasingly willing to use a range of economic and political tools to demonstrate the cost of poor relations.

The countries have clashed repeatedly, with Australia objecting to heightened political repression inside China and with Beijing's more aggressive flexing of its political, military and economic muscle in the Asia-Pacific.

Australian journalists have been hauled in for questioning in China and forced to flee the country, an Australian citizen has been detained on espionage charges and Beijing has told its people not to visit Australia for study or tourism, alleging anti-Asian racism in the wake of the coronavirus pandemic.

Many of China's trade measures against Australian goods have not been officially confirmed or fully detailed, heightening speculation that Beijing is waging a shadow trade war.

"We are an open-trade nation but I am never going to trade our values in response to coercion from wherever it comes," Prime Minister Scott Morrison said earlier this year.

Cotton producers and exporters said they were trying to get clarity on the new rules of the game but indicated they may look to other markets.

"Despite these changes to our industry's export conditions, we know Australian cotton will find a home in the international market," said

Adam Kay, CEO of Cotton Australia and Michael O'Rielley, Chair of the Australian Cotton Shippers Association.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Tech, iron ore help drive surprise Chinese import jump
Beijing (AFP) Oct 13, 2020
China's imports surged in September, defying expectations, official data showed Tuesday, while exports rose for a fourth straight month as shops further opened up after virus lockdowns. Shipments into the world's second-largest economy spiked 13.2 percent last month, smashing forecasts of a 0.4 percent increase as companies and consumers dipped into their pockets following months of coronavirus uncertainty and geopolitical tensions. Corporate buying of tech products before US restrictions hit wa ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
New plastic could be more eco-friendly than paper or cotton

Zortrax develops 3D printing technology with support of ESA

What laser color do you like

Ikea to buy back used furniture to reduce waste

TRADE WARS
Isotropic Systems and SES GS to trail next-gen multi-beam antenna technologies for US forces

Swedish Space Corporation to cease assisting Chinese companies operate satellites

Creating cross-domain kill webs in real time

AEHF-6 protected communications satellite completes on-orbit testing

TRADE WARS
TRADE WARS
GPS-enabled decoy eggs may help track, catch sea turtle egg traffickers

Fourth GPS 3 Satellite Encapsulated Ahead of Launch

Government to explore new ways of delivering 'sat nav' for the UK

Tech combo is a real game-changer for farming

TRADE WARS
Germany on course for climate neutral flying

Finland approved to buy 64 F-35s in $12.5B deal

Air Force starts delivering lighter, next-generation ballistic helmets

Aerodynamicists reveal link between fish scales and aircraft drag

TRADE WARS
Bringing a power tool from math into quantum computing

Liquid metals come to the rescue of semiconductors

New algorithm could unleash the power of quantum computers

China chip giant SMIC shares sink on US export controls

TRADE WARS
Two US satellites fail to enter orbit due to abnormal situation: Reports

Nanohmics to test ultra-compact hyperspectral imager on the ISS

Compact, low-cost system provides fast 3D hyperspectral imaging

Satellite use AI to process EO imagery in-flight

TRADE WARS
Study first to tally biomass from oceanic plastic debris using visualization method

Stay-at-home orders cut noise exposure almost in half

Electric clothes dryers: An underestimated source of microfiber pollution

Russian sea pollution forms massive moving slick









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.