China Ends Tariffs on Australian Wine
The decision, effective immediately, signals a thaw in diplomatic tensions and is welcomed by the Australian government.
- China has announced the lifting of tariffs on Australian wine, marking a significant improvement in bilateral relations.
- The tariffs, which were as high as 218%, had been a major point of contention, devastating the Australian wine industry.
- The Australian government has welcomed the decision, stating it comes at a critical time for the wine industry and will benefit both countries.
- The move is seen as a result of improved diplomatic relations following the election of Australia's center-left government in 2022.
- Australia will discontinue its legal proceedings against China in the World Trade Organization in response.