China removes 218.4% tariffs on Australian wine, ending a three-year impact on exports.
China has removed tariffs on Australian wine, which had been imposed at rates as high as 218.4% for over three years. This led to a catastrophic impact on Australia's wine exports, with sales to China falling from A$1.24bn in 2019 to less than A$1m in 2021. The market is now more challenging, and the Australian wine industry will need to adapt to new conditions as they re-enter the Chinese market.
April 10, 2024
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