China signaled possible progress on resolving a dispute with Australia on punitive wine tariffs as relations between the trading partners continues to thaw.
China’s Ambassador to Australia has reportedly indicated that China expects “more positive outcomes in the coming likely weeks or months” regarding punitive Chinese tariffs on Australian wine.
There’s been an improvement in relations with China since the election of the center-left Labor government in May 2022. Australian coal and timber have been allowed back into the Chinese market, while Beijing announced in August it would be ending tariffs imposed on barley exports.
Australia’s Trade Minister may visit China in November, and Australia’s Prime Minister may visit China in December.
More information here: China Says ‘Positive Outcomes’ on Australia Wine Levies Are Near - BNN Bloomberg
