Friday, 21 April, 2023
The Drinks Business, Ron Emler
Canberra’s Foreign Minister Penny Wong and Trade Minister Don Farrell announced over the weekend that Australia would suspend its World Trade Organisation appeal against Chinese tariffs for three months in return for China conducting a review of its punitive actions against Australian products.
China confirmed that it will review its tariffs on Australian barley, but that the process could also extend to Australian wines, said the ministers.
This is giving rise to hopes that the key China market will gradually reopen to Treasury’s wines.
Before the effective ban imposed by Beijing at the end of 2020, China accounted for more than 30% of Treasury’s wine exports from Australia.
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