China-Australia wine dispute faces a turning point:Eliminating tariffs helps return to the Chinese market
2024.0408
Number of words in this article:3039, reading time is about 5 minutes
introduction：澳大利亚葡萄酒的出口预计不会立即恢复到2020年的水平。
** Author| ** First Finance and Economics Pan Yinru
It is a foregone conclusion that Australia wines will "return" to the Chinese market.
On March 28, China's Ministry of Commerce issued an announcement announcing that starting from March 29, it would terminate the imposition of anti-dumping duties and countervailing duties on imported wines originating in Australia. The Ministry of Commerce stated in the announcement that in view of the changes in China's relevant wine market, it is no longer necessary to impose anti-dumping duties and countervailing duties on imported wines originating in Australia.
At the same time, information from the World Trade Organization (WTO) shows that China and Australia have submitted a notice to the WTO Dispute Settlement Body, reaching a mutually agreed solution to the "China Anti-Dumping and Countervailing Duty Measures Case against Australia Wine." The notice was distributed to other WTO members on April 3 local time.
According to Rob Donelly, Minister for Commerce at the Commercial Office of the Australia Embassy in China and General Manager of Greater China of the Australia Trade and Investment Commission (Ausstrade), the elimination of all tariffs on Chinese bottled wine imports from Australia is an important result for Australia and the Australia wine industry. He told First Finance:"The return of Australia bottled wine to the Chinese market will benefit both Australia producers and Chinese consumers."
As for "how quickly" Australia wine can regain its share in the Chinese market, Tang Ruibo told First Finance that exporters will re-establish connections with importers and customers, so this process will take a long time and patience."However, the results of this negotiation pave the way for Australia exporters who were unable to export bottled wine to the Chinese market to return to the Chinese market more quickly."
The trade chain responded quickly, and the first containers carrying Australia wine destined for China left the Port of Adelaide at the end of March.
Tianrui Winery in Australia (
