– China said on March 28 it would lift punitive tariffs on Australian wine, reopening a billion-dollar market as ties improve between the two countries after years of tension.
But trade restrictions have tapered since Australia’s centre-left government was elected in 2022 and adopted a less confrontational approach. “The removal of duties means that Australia will discontinue its legal proceedings at the World Trade Organisation,” they said. And in Beijing, wine shop owner Yang Jie told AFP he welcomed the “good news”. Australian red wines had previously been his “main product” due to its popularity with Chinese drinkers, he said.
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