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

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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

© Reuters. Wine bottles from around the world fill shelves in the cellar of Trio Wine Bar in Beijing, China November 1, 2023. REUTERS/Florence Lo

"We are looking forward to the tariffs being removed. I think for Australia there is definitely an opportunity," he said. Thompson is already in touch with the 10-plus Australian wineries he worked with before 2021, along with some newer players, in expectation that tariffs will soon be removed. Layla Wang, co-owner of Trio Wine Bar in Beijing agreed that Chinese market perceptions of Australian wine haven't changed in the years since it was last available, with no clear winner in the battle to take over Australian wine's market share.

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:

 /  🏆 450. in ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines