China drops heavy tariffs against Australian winemakers

News Snapshot:

China has abolished heavy tariffs against Australian wine in another significant step towards improved diplomatic relations and trade ties. The Chinese government agreed to review the wife tariffs five months ago and has since gradually unwound the trade barriers. The Commerce Ministry in Beijing said on Thursday it was “no longer necessary” to impose anti-dumping duties and other levies on imports of Australian wine. Newsletters: Breaking news as it happens. Subscribe now Prime Minister Anthony Albanese said the outcome came at a critical time for the Australian wine industry. “The re-entry of Australian bottled wine into the Chinese market will...