China suspends wine tariffs on Australia amid improving ties
March 28, 2024
Ties between China and Australia as trading partners appear to be improving after China announced on Thursday that it would lift punitive tariffs on Australian wines.
A spokesman for China’s Ministry of Commerce, He Yadong, called the two countries “each other’s important trading partners.”
Before the tariffs were introduced, China was the main destination for Australia’s wine exports.
Australian Prime Minister Anthony Albanese said on Thursday, before China made the announcement, that he expected trade to resume soon and that he anticipated greater trade volumes, as seen with other reintroduced products.
“China wants good quality wine and Australia produces it,” Albanese said during a visit to a winery located in Australia’s Hunter Valley wine region.
Source: DW
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