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…
-
Business16 hours agoThis ASX 200 healthcare stock crashed 14% to 4-year low. Here’s what happened
-
Business20 hours agoThis leading broker thinks the CSL share price can climb 40%
-
Business12 hours agoDicker Data rides the AI trend to double digit growth
-
Noosa News20 hours agoOld Translink app canned, and new version ‘worse than paper map from 2015’