Bilateral relations improve as China ends tariffs on Australian wine

Red Wine

Published Mar 29, 2024

Tridge summary

China has decided to lift its anti-dumping and countervailing duties on Australian wine starting March 29, 2024, marking an end to a three-year period of trade tensions initiated by Australia's ban on Huawei's participation in its 5G network and its call for an investigation into the origins of COVID-19. This decision, which is viewed as a positive step towards mending bilateral trade disputes, reverses the tariffs imposed in March 2021 that severely affected Australian wine exports to its then-largest market, China. The Australian government has responded positively by withdrawing its complaint against Beijing at the World Trade Organization, hopeful for the rejuvenation of its wine industry despite lingering geopolitical concerns.

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Original content

(Beijing Comprehensive News) China has lifted anti-dumping and countervailing duties on Australian wine, marking the end of three years of trade pressure on Canberra and helping to revive the multi-billion dollar industry. Here comes hope. An announcement issued by the Ministry of Commerce of China on Thursday (March 28) said: "In view of changes in China's relevant wine market conditions, it is no longer necessary to impose anti-dumping duties and countervailing duties on imported relevant wines originating in Australia. Starting from March 2024 Starting from the 29th, the imposition of anti-dumping duties on imported wine originating in Australia will be terminated.” Beijing imposed tariffs on major Australian exports such as wine, barley and beef after Canberra banned China's Huawei from participating in the construction of fifth-generation communications systems (5G) and endorsed an investigation into the origins of the coronavirus outbreak. The measures implemented in March ...

Source: Zaobao