FILE - Visitors wearing face masks walk past a display of Australian wines and other agricultural products at the China International Import Expo in Shanghai, China, Nov. 5, 2020. China on Thursday, March 28, 2024, said it would lift tariffs placed on Australian wine over three years ago, in a sign of improving ties between Australia and China.China imposed tariffs on Australian wine in 2020 during a diplomatic feud over Australia's support for a global inquiry into the origins of COVID-19.
He Yadong, a spokesperson for China's Ministry of Commerce, said China and Australia are “each other’s important trade partners.” "We are willing to work with Australia to resolve each other’s concerns through dialogue and consultation and jointly promote the stable and healthy development of bilateral economic and trade relations,” He said.
Trade tariffs have been a hot topic between Beijing and Canberra in recent years after China imposed a raft of sanctions on Australian goods in 2020 during the most recent nadir in the bilateral relationship. It is estimated that the tariffs cost the Australian economy 20 billion Australian dollars .
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