Business
Brits snap up Australian wine that didn’t go to China – BBC News
The UK is now the top destination for Australian wine as it looks to overcome crippling Chinese taxes.
By Justin HarperBusiness reporter, BBC News
image copyrightGetty Images
Sales of Australian wine to the UK have surged almost 30% in the last year as producers try to overcome crippling taxes on exports to China.
Wine producers have ramped up exports to Europe to a 10-year high, with the UK now the number one destination.
China increased taxes by a massive 212% in November following a trade spat with Australia which has also affected goods including lobsters and coal.
Wine Australia said the UK…
-
General18 hours agoCracks in the NACC. Brereton protected while corruption remains hidden
-
General22 hours agoJohn Cleese leads tributes to ‘perfect’ on-screen wife Prunella Scales
-
Business23 hours agoWhy are Boss Energy shares jumping 17% on Wednesday?
-
Noosa News15 hours agoJesse Wahlen Beale, accused of killing partner Crystal Beale, and dumping body, denied bail