The Australian wine industry welcomed news on Wednesday that China could begin lifting punitive tariffs within weeks, raising hopes that the country's red wine glut will soon ease.
China's Ministry of Commerce is expected to make a final decision"in the coming weeks", according to the global wine giant, which owns the Penfold label.stay informed and follow us on Google News! Beijing's foreign ministry declined to confirm if the tariffs would be lifted, but said it was"willing to continue to strengthen dialogue and cooperation with Australia based on the principles of mutual respect".
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