Trade
Australia Wants Businesses to Diversify After China Wine Tariffs
- Heavy duties on Australian wine exports were lifted this week
- Relations between Australia and China have improved recently
The Chinese Ministry of Commerce announced on Thursday that it would lift punitive tariffs on Australian exports.
Photographer: James Bugg/BloombergThis article is for subscribers only.
Australia’s government has warned businesses against relying solely on China for their economic success after Beijing decided to scrap heavy tariffs on Australian wine exports this week.
Assistant Minister for Trade Tim Ayres said trade diversification was “absolutely critical” for Australian businesses and the government would be working with wine producers to “diversify their trade markets.”