China lifts tariffs on Australian Wine
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English - March 29, 2024 07:44 - 4 minutes - 4 MB - ★★★★★ - 6 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The Australian wine industry has welcomed China's decision to abolish heavy tariffs on wine imposed during the COVID-19 pandemic. The tariffs, introduced at the height of diplomatic tensions in 2020, have seen exports worth $1.2 billion a year shrink to as little as $10 million. Producers and exporters are excited by the decision, but say it could take years to recover as Australian wines reenter a changed market.