Noosa News
Australian wine industry expecting China to lock in tariffs for five years
Winemakers and grape growers are bracing for China to imminently announce an increase and extension to tariffs on Australian wine, paving the way for a potential World Trade Organization dispute.
Key points:
- China imposed interim tariffs on Australian wine last year
- The tariffs are likely to be up to almost 220 per cent for the next five years
- The Australian wine industry says while it’s disappointed, it is not surprised
China last year introduced interim tariffs of up to 200 per cent, claiming Australian winemakers sold wine below the cost of production and had been subsidised.
Australian Grape and Wine chief executive Tony Battaglene expects Beijing to lock in the tariffs of up to almost 220 per cent for the next five years.
Mr Battaglene…
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