News Formal

China's wine market ready to welcome likely return of Aussie wine as ties improve

  • 📰 Reuters
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

News that punitive tariffs on Australian wine introduced by China in 2021 would be reviewed as part of a push to improve the relationship between the two countries was cheered by many, including Campbell Thompson.

Wine bottles from around the world fill shelves in the cellar of Trio Wine Bar in Beijing, China November 1, 2023. REUTERS/Florence LoSHANGHAI, Nov 3 -

The introduction of a 218% tax on most Australian wine introduced by China early in 2021 prompted that trade, previously valued as high as $1.2 billion annually, to collapse. Late last month, the two sides announced they had reached a consensus to settle the WTO wine dispute and that the anti-dumping tariffs, which weren't set to expire until 2026, would be reviewed, ahead of Australian Prime Minister Anthony Albanese's visit to China this month.

"I don't think that's realistic any time soon. However, for a lot of good quality Australian wine producers ... customers still know the wines and I think will re-engage with those wines fairly readily," he said.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

China's wine market ready to welcome likely return of Aussie wine as ties improveChina's wine market ready to welcome likely return of Aussie wine as ties improve
Källa: Investingcom - 🏆 450. / 53 Läs mer »