Noosa News
China locks in five more years of tariffs on Australian wine industry
Fears of Australia’s $1 billion wine industry tumbling into a damaging long-term trade dispute with China have come to pass, with China confirming it will lock in huge tariffs on producers for five years.
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
An increase and extension to tariffs on some Australian wine producers paves the way for a World Trade Organisation dispute.
Reuters on Friday reported China’s Ministry of Commerce had confirmed it would impose “anti-dumping measures on some Australian wine imports from March 28 for five years”.
The ministry…
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