The move could foreshadow a hike in import duties on Australian wine as diplomatic ties between the countries remain strained.
In May, Beijing imposed an 80 per cent tariff on Australian barley exports after it completed an anti-dumping investigation on Australian barley.China will begin an anti-dumping investigation into Australian wine. China's Ministry of Commerce made the announcement about its Australian wine investigation this morning and said it had received complaints the Australian industry was dumping wine into China and taking state subsidies.Shares from Treasury Wine Estates, the makers of Penfolds, dropped nine per cent on the news.
China is Australia's biggest export market for wine and is rapidly growing. In the 12 months to June 30, Australia exported $1.1 billion worth of wine to China, The Drinks Business reports, which was an increase of 12 per cent on the previous financial year.
We can’t allow the CCP to bully us anymore. Stop financial reliance on them!
Who cares what they do ...... they have zero creeds
Sell to Trump.
Well. Time we restarted our manufacturing and clothing industries and the ‘factory of the world’ can shove it
let them drink cats piss
Why don’t they spend their energy on investigating the pandemic they created instead? Great deflection China
Its nice they used a photo of their nicest sunny day of the year there too.. I think you can just make it out throguh the smog!
😂😂😂😂
All the more for us here at home . . 🍷
Love or hate China there’s zero benefit for us to b used by America First / Australia last as a pawn in a big boy fight. Let them fight it out n look for opportunities.
Are they going to blame Australia for their cv virus🤔or maybe CommieDan for it? That would be a laugh a minute😂
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