1.   Australian wool exporters have become entangled in a Chinese customs dispute over local tax evasion, which threatens to unravel their most lucrative market.

2.   China is an important market to the Australian wool industry.

3.   He recommends Midwest farm land, an Indian tea plantation or Australian wool farm.

4.   In Sydney, Australian wool prices steadied this week following two weeks recovery, amid widespread competition dominated by Japanese trading houses and European buyers.

5.   On also said that a number of Japanese companies jointly decided not to buy Australian wool in bid to bring price down.

6.   President of the Australian Superfine Woolgrowers Association, Barry Walker, said Korean buyers have increased substantially the quality and quantity of Australian wool purchases.

7.   China reduced tariffs on Australian wool imports several years ago after intensive lobbying by Australian ministers and has since become the largest buyer of Australian wool.

8.   China has drastically reduced purchases of Australian wool because of increased enforcement of Chinese import duties and value-added tax payments that Chinese buyers had previously been evading.

9.   China imposes no tariff at all on Australian wool that is imported into the country for processing and re-export.

10.   The department warned that China, now the most dynamic market for Australian wool, remained price-sensitive, with recent price rises affecting Chinese purchases.