Australia welcomes China's tariff lifting on Australian wine

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Australia welcomes China's tariff lifting on Australian wine

STORY: Australia welcomes China's tariff lifting on Australian wine SHOOTING TIME: March 28, 2024 DATELINE: March 29, 2024 LENGTH: 00:01:35 LOCATION: Canberra CATEGORY: POLITICS/ECONOMY/MARKET SHOTLIST: 1. various of Australian winery 2. various of bottled wine in supermarkets STORYLINE: Australia has welcomed China's decision to lift anti-dumping and anti-subsidy tariffs on Australian wine. A joint media release from Australian government agencies said that the Australian side welcomes this outcome, which comes at a critical time for the Australian wine industry, adding that "the re-entry of Australian bottled wine into the Chinese market will benefit both Australian producers and Chinese consumers." China's Ministry of Commerce on Thursday announced that the country will lift anti-dumping and anti-subsidy tariffs on Australian wine from Friday. The media release introduced that Australia's wine exports to China were worth 1.1 billion Australian dollars (some 713 million U.S. dollars) in 2019.

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