AIRLINK 73.06 Decreased By ▼ -6.94 (-8.68%)
BOP 5.09 Decreased By ▼ -0.09 (-1.74%)
CNERGY 4.37 Decreased By ▼ -0.09 (-2.02%)
DFML 32.45 Decreased By ▼ -2.71 (-7.71%)
DGKC 75.49 Decreased By ▼ -1.39 (-1.81%)
FCCL 19.52 Decreased By ▼ -0.46 (-2.3%)
FFBL 36.15 Increased By ▲ 0.55 (1.54%)
FFL 9.22 Decreased By ▼ -0.31 (-3.25%)
GGL 9.85 Decreased By ▼ -0.31 (-3.05%)
HBL 116.70 Decreased By ▼ -0.30 (-0.26%)
HUBC 132.69 Increased By ▲ 0.19 (0.14%)
HUMNL 7.10 Increased By ▲ 0.04 (0.57%)
KEL 4.41 Decreased By ▼ -0.24 (-5.16%)
KOSM 4.40 Decreased By ▼ -0.25 (-5.38%)
MLCF 36.20 Decreased By ▼ -1.30 (-3.47%)
OGDC 133.50 Decreased By ▼ -0.97 (-0.72%)
PAEL 22.60 Decreased By ▼ -0.30 (-1.31%)
PIAA 26.01 Decreased By ▼ -0.62 (-2.33%)
PIBTL 6.55 Decreased By ▼ -0.26 (-3.82%)
PPL 115.31 Increased By ▲ 3.21 (2.86%)
PRL 26.63 Decreased By ▼ -0.57 (-2.1%)
PTC 14.10 Decreased By ▼ -0.28 (-1.95%)
SEARL 53.45 Decreased By ▼ -2.94 (-5.21%)
SNGP 67.25 Increased By ▲ 0.25 (0.37%)
SSGC 10.70 Decreased By ▼ -0.13 (-1.2%)
TELE 8.42 Decreased By ▼ -0.87 (-9.36%)
TPLP 10.75 Decreased By ▼ -0.43 (-3.85%)
TRG 63.87 Decreased By ▼ -5.13 (-7.43%)
UNITY 25.12 Decreased By ▼ -0.37 (-1.45%)
WTL 1.27 Decreased By ▼ -0.05 (-3.79%)
BR100 7,465 Decreased By -57.3 (-0.76%)
BR30 24,199 Decreased By -203.3 (-0.83%)
KSE100 71,103 Decreased By -592.5 (-0.83%)
KSE30 23,395 Decreased By -147.4 (-0.63%)

MELBOURNE: Australia will seek to be included in consultations about a trade dispute between the European Union and China launched by the EU at the World Trade Organisation, the Australian trade minister said on Saturday.

Thursday’s EU challenge accuses China of discriminatory trade practices against Lithuania, saying they threatened the integrity of the single market.

“Australia has a substantial interest in the issues raised in the dispute brought by the European Union against China ... and will request to join these consultations,” Trade Minister Dan Tehan said in a statement.

China, which regards self-governed Taiwan as its own territory, has downgraded ties with Lithuania and pushed firms to sever links with the Baltic nation of 2.8 million people after it allowed Taiwan to open a de facto embassy in Vilnius.

Its strictures include a refusal to clear Lithuanian goods through Chinese customs, rejection of import applications from Lithuania and pressure on EU firms to remove Lithuanian content from supply chains when exporting to China.

Relations between Australia and China, its top trade partner, soured after Canberra banned Huawei Technologies from its 5G broadband network in 2018, toughened laws against foreign political interference, and urged an independent investigation into the origins of COVID-19.

Beijing responded by freezing ministerial contacts and imposing tariffs on several Australian commodities, such as coal, beef, barley and wine.

Australia has filed two WTO complaints in the past 18 months over China’s duties on imports of bottled wine and barley.

In a statement on Saturday, the foreign ministry said Australia “welcomes” an invitation from France to take part in a February meeting of Indo-Pacific foreign ministers.

“Australia greatly values cooperation with France and with Europe, including in the Indo-Pacific,” it said in an e-mailed statement, without saying if Foreign Minister Marise Payne would attend.

Australia’s relations with France, which holds the rotating six-month presidency of the EU Council, have also soured after Canberra signed a security pact last year with Britain and the United States, dubbed AUKUS, scrapping a multi-billion-dollar submarine deal with France.

The pact, widely viewed as an attempt to shore up regional military muscle in the face of China’s growing presence, riled Beijing, but also caused fury in France.

Comments

Comments are closed.