China to lift anti-dumping tariffs on Australian wine

China's Ministry of Commerce has announced the lifting of anti-dumping and anti-subsidy tariffs on Australian wine, effective from Friday. This decision, reversing measures initially imposed on March 28, 2021, for a five-year duration, follows a reassessment of the wine market situation in China. The reassessment concluded that the tariffs on Australian wine imports are no longer deemed necessary, signaling a potential shift in trade relations between China and Australia.