TARIFF ON WINE – CHINA

TWE ready for China reopening

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Original article by Eli Greenblat
The Australian – Page: 15 : 24-Oct-23

China was Treasury Wine Estate’s biggest source of profit growth prior to the imposition of punitive tariffs on Australian imports in 2020. Treasury Wine Estates has advised that it is well-placed to rebuild this business if the Chinese government winds back its trade sanctions following its proposed review of the tariff on Australian wines. Treasury has indicated that it will allocate more of its flagship Penfolds brand to the Chinese market if the tariffs are removed, given that the brand had been highly popular with Chinese consumers.

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TREASURY WINE ESTATES LIMITED – ASX TWE

China wine tariffs under review

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Original article by Will Glasgow
The Australian – Page: 4 : 23-Oct-23

The Chinese government imposed tariffs of more than 200 per cent on Australian wine in 2020 as part of a widespread imposition of tariffs on Australian exports after the former Coalition government called for an inquiry into the origins of COVID-19. However, China has announced that it will review its tariffs on Australian wine. Shadow foreign affairs minister Simon Birmingham – who was trade minister at the time the tariffs were imposed – said they were "an attempt at economic coercion by China".

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET