Friday, October 23, 2020

China Targets Cotton Industry in Latest Economic Strike on Australia

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Australian cotton growers are facing uncertainty around this year’s crop after reports from Beijing indicate that the Chinese regime has told its domestic spinning mills to stop using Australian cotton or they will face punitive actions. The Chinese regime has also informed the Australian industry it could soon face tariffs of up to 40 percent. Peak body Cotton Australia and the Australian Cotton Shippers of Australia (ACSA) released a joint statement (pdf) on Oct. 16, that explained the National Development Reform Commission in China had discouraged the country’s spinning mills from using Australian cotton. “Our industry’s relationship with China is of importance to us and is a relationship we have long valued and respected. To now learn of these changes for Australian cotton exports to China is disappointing, particularly after we have enjoyed such a mutually beneficial relationship with the country over many years,” the statement read. Responding to the news, Agriculture …

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