Highlights: China announces lifting of surcharges on Australian wine. Wine alone accounted for 33% of export revenues in 2020, according to Australian government data. China remains Australia's largest trading partner and represents 30% of its exports. The Australian Prime Minister visited China in November to formally mark the thaw in relations between the two countries. The abandonment of sanctions against Australian wine is another symbolic step, in the process Canberra announced the abandonment of the procedure initiated against China at the World Trade Organization ( WTO ). “There is no longer any need to continue to impose anti-dumping and anti-subsidy duties,” China's Ministry of Commerce said.

After barley, it is the turn of Australian wine to benefit from the warming of relations between Beijing and Canberra. China has in fact announced that it will lift the surcharges that have been targeting wine for four years...

China announces lifting of surcharges on Australian wine

After barley, it is the turn of Australian wine to benefit from the warming of relations between Beijing and Canberra. China has indeed announced that it will lift the surcharges that have been targeting wine from Australia for four years, imposed in a context of diplomatic tensions between these two close trading partners. In the process, Canberra dropped its complaint against China to the World Trade Organization (WTO).

Wine alone accounted for 33% of export revenues in 2020, according to Australian government data. Getty Images - Hongjie Han

By: RFI Follow

It all started in 2018, when the Australian government excluded the Chinese telecom group Huawei from any participation in the country's 5G network, then in 2020, Australia

requested

an international investigation into the origins of Covid-19.

China

then responded with retaliatory measures targeting more than a dozen Australian products, including wine, barley and beef

Beijing has also stopped importing coal. Wine alone accounted for 33% of export revenues in 2020, according to Australian government data.

Read alsoChina authorizes a resumption of imports of red meat from Australia

Last August, customs surcharges on Australian barley were lifted. The Australian Prime Minister visited China in November to formally mark the thaw in relations between the two countries. The abandonment of sanctions against Australian wine is another symbolic step, in the process Canberra announced the abandonment of the procedure initiated against China at the World Trade Organization (

WTO

“There is no longer any need to continue to impose anti-dumping and anti-subsidy duties,” China's Ministry of Commerce said. “

China wishes to continue to strengthen dialogue and cooperation with Australia

,” said a spokesperson for Chinese diplomacy, Lin Jian, when questioned on this subject. China remains Australia's largest trading partner and represents 30% of its exports. Only Australian lobster and beef from certain slaughterhouses remain subject to trade restrictions today.

China announces lifting of surcharges on Australian wine

China announces lifting of surcharges on Australian wine

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