Australian winemakers hail axing of Chinese tariffs, but warn it's no quick fix for struggling industry

  • 📰 abcnews
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 83%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Wine producers welcome an end to Chinese tariffs, with some Australian wines expected to hit shelves in China within days.

But changes in China's economy in mean few producers expect exports to return to pre-tariff levels any time soon.China made the announcement on Thursday

"It'll take some time to rebuild the pipeline, there's some additional requirements I think in terms of the need for self-registration, et cetera, so we've updated our export guide." But Dr Cole warned that while China was a very important market, it was currently a fraction of what it was.China's government officially abolishes heavy tariffs on Australian wine, offering a potential lifeline to an industry struggling with low prices and global oversupply."I think also in terms of reopening of the economy there, reopening of tourism and the on-premise businesses as well will be part of that.

"It's probably been the most difficult stage in my career , since working in the family business for 30 years.""We will look at the whole region and not try to specialise too much in the Chinese market," Mr Taylor said."A lot of hard work there in the past, so it will be good to try and rebuild those relationships in the market.

Mr Blythe agreed that wine exports to China would fail to reach the same heights as the pre-tariff era in the near future.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australian wine industry close to breakthrough on China tariffsThe Australian wine industry could be set to rejoice after an interim draft determination from the Chinese Ministry of Commerce proposed the lifting of detrimental tariffs.
Source: SkyNewsAust - 🏆 7. / 78 Read more »