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China removes tariffs on Australian bottled wine as PM Anthony Albanese heralds positive impact on industry. Re-entry to Chinese market key for wine sector.
Bejing is removing the crippling tariffs on Australian wine exports from March 29, but it will be a hard road back for wine groups other than Penfolds owner Treasury Wine Estates.
BEIJING -China will lift anti-dumping and anti-subsidy tariffs on Australian wine from March 29, the Chinese commerce ministry said on Thursday, ending three years of punitive levies and offering... -March 28, 2024 at 04:34 am EDT - MarketScreener
Beijing imposed the tariffs in 2020 during a diplomatic feud, raising duties from zero to above 200 percent.
China will lift hefty tariffs on Australian wine from tomorrow (29 March), its ministry of commerce said today.