A trade spat with China over tariffs on Australian wine could be settled "in a few weeks," Australian Trade Minister Don Farrell stated.
A trade spat with China over tariffs on Australian wine could be settled "in a few weeks," Australian Trade Minister Don Farrell stated.

Australian Trade Minister Optimistic on Resolution of Wine Tariff Dispute with China

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A trade conflict with China over tariffs on Australian wine may be resolved “in a few weeks,” Australian Trade Minister Don Farrell said on Tuesday, removing one of the final barriers curbing its exports to China.

Background of the Trade Dispute:

Australian wine exports to China were worth about $800 million in the year to November 2020. 

However, that month, Beijing responded to a call in Canberra for an inquiry into the roots of COVID-19 by blocking imports of Australian commodities such as barley, wine, and coal.

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China has been lifting those trade barriers as relations improve. Australian officials and industry expect a review of the wine tariffs begun by Beijing last year, which will lead to their removal next month.

Ministerial Communication and Confidence:

Farrell said he had spoken with China Commerce Minister Wang Wentao on Monday, and the two sides were close to an agreement.

“I’m confident that the discussions I had yesterday with the commerce minister will result in them carrying through on what they undertook, which was to expedite the review of the tariffs, and that we will get a result on that in a few weeks,” he said in an interview with state broadcaster ABC on Tuesday.

Australia’s government said in December it was confident the tariffs would be lifted in early 2024.

Jean Martin

Jean Martin, a seasoned Correspondent Author at USA Guardian Magazine, specializes in transforming complex subjects into engaging narratives. With a keen eye for detail and a commitment to truth, her work spans politics, culture, and technology, enriching the magazine's diverse content. Jean's reporting not only informs but also inspires readers, showcasing her belief in journalism's power to drive change.

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