China-Australia wine trade barriers seen falling as foreign minister Wang Yi confirms trip down under
- High-profile trip, coming amid warming ties with Canberra, will kick off on Sunday and include a visit to New Zealand
- Australian wine companies are getting production lines ready for a resumption of exports to China that is expected to be imminent
China’s foreign minister will co-host a strategic talk during his visit to Australia next week amid improving relations, with the likely removal of tariffs on Australian wine looming large after nearly three-and-a-half years.
Australia’s largest wine producer, Treasury Wine Estates, has been informed that the Chinese Ministry of Commerce had issued a draft interim decision outlining the cancellation of additional tariffs on Australian wine, according to a filing with the Australian Securities Exchange on Tuesday.
The wine producer said the content of the provisional draft decision may change, but it “expects China to issue a final decision in the coming weeks”.
The commerce ministry said on Thursday that China would make a final ruling regarding its tariffs on Australian wine in accordance with investigation procedures and laws.
