The Chinese government's abolition of heavy tariffs on Australian wine has prompted rejoicing within the industry.
That's the message from some of the country's premium grape-growing regions, where producers are cautiously exultant following news of But now that the tariffs are being removed, Mr Osborn does not expect it will take long for shipments to resume. "There are existing exporters who have existing relationships, and we anticipate that they will be moving very fast to get wine onto supermarket shelves in China.
"There is a significant oversupply of red wine. It's in the vicinity of potentially years before we start seeing a levelling out of that market," he said. "This is going to take a matter of years, I would imagine, to be able to see that kind of level of opportunity again in China, but we have to start that work now.
Source: News Formal (newsformal.com)
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