As Relations Thaw, China Lifts Tariffs on Australian Wine
China lifts tariffs on Australian wine, signaling improved relations.
- Bilawal Riaz
- 1 min read
China has decided to lift the tariffs it imposed on Australian wine over three years ago, signaling a thaw in relations between the two countries. The tariffs, which were initially enforced in 2020 amidst tensions between Australia and China, severely impacted Australia’s wine export market, valued at 1.2 billion Australian dollars. Australian winemakers struggled with an oversupply of wine, leading to financial difficulties. The Chinese Ministry of Commerce announced the decision to lift the tariffs, with Australian Prime Minister Anthony Albanese welcoming the move. Despite this positive development, challenges remain for the Australian wine industry, as there is a significant surplus of wine in storage. The decision follows efforts to improve relations between Australia and China, including diplomatic meetings and gestures of goodwill.