The Ministry of Commerce announced on Thursday that the Chinese mainland will lift anti-dumping and anti-subsidy tariffs on Australian wine starting Friday. This decision comes as a result of significant changes in the Chinese wine market, making such tariffs unnecessary.
Australian Prime Minister Anthony Albanese welcomed the move, highlighting its importance for the Australian wine industry during this critical period. In a joint media release from Australian government agencies, Albanese emphasized that the re-entry of Australian bottled wine into China will benefit both Australian producers and Chinese consumers.
In 2019, Australia's wine exports to China were valued at 1.1 billion Australian dollars (approximately $713 million). The five-year anti-dumping tariff, initially imposed on March 28, 2021, was reviewed and lifted on November 30, 2023, by the Chinese Ministry of Commerce.
Lin Jian, a spokesperson for the Chinese Ministry of Foreign Affairs, stated that recent dialogues and consultations between China and Australia have addressed mutual concerns. Lin added that China is committed to strengthening cooperation with Australia based on mutual respect, equality, and seeking common ground while reserving differences, aiming to promote the healthy development of bilateral relations.
Reference(s):
China to lift anti-dumping tariffs on Aussie wine, Canberra welcomes
cgtn.com
