Posts tagged "Chinese wine tariffs"

China has finally ended its tariffs on Australian wine, which had been imposed for more than three years at rates as high as 218.4%. But while we’ve been away, things have changed in the Chinese wine market.

Beijing is reviewing the sanctions through a five-month process after the Albanese government agreed to suspend Australia's dispute lodged with the World Trade Organisation until March 31.

Rather than being the sole source of the industry’s woes, the collapse of the China trade served only to exacerbate the chronic oversupply in the Australian industry.

More than 2 billion litres of unsold Australian wine is sitting in storage following a record 2021 vintage and a slump in exports and domestic sales.