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Prime Minister Anthony Albanese has introduced that China will overview its present 220 per cent import duties on Australian bottled wine.
The announcement comes after months of discussions between China and Australian wine our bodies NSW Wine, Australian Grape & Wine, and Wine Australia along with the Labor Authorities.
NSW Wine Business Affiliation President Mr Mark Bourne has supported the announcement, in hope that it’ll relieve the oversupply of product the business is going through after pure disasters and the Covid-19 pandemic.
“That is an encouraging step ahead that may hopefully result in the removing of Chinese language import duties on Australian wine,” says Bourne.
“The announcement of a possible pathway to resolve the multi-year commerce dispute, and the reopening of the Chinese language market, is optimistic information for a lot of grape growers and winemakers throughout NSW.”
The Chinese language Authorities could take 5 months to finish the overview, however might be supported by NSW Wine all through the method.
It has additionally been reported that Australia will droop the present case in opposition to China with the World Commerce Organisation pending the result of the overview.
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