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China announces end to anti-dumping duties on Australian wine

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China announces end to anti-dumping duties on Australian wine

China-Australia relations continue to warm up, ChinaMinistry of CommerceOn the 28th, it said that after review and judgment, the original wine will be reviewed in view of changes in relevant wine market conditions in ChinaAustraliaIt is no longer necessary to impose anti-dumping duties and countervailing duties on imported wines. State Council of ChinaTariffThe Tariff Committee took the decision, based on the recommendation of the Ministry of Commerce, to end the imposition of anti-dumping duties on wine imported into Australia with effect from March 29; After anti-dumping duty expires, no countervailing duty will be imposed.

According to the website of China’s Ministry of Commerce, the Trade Remedies Bureau of China’s Ministry of Commerce issued an announcement that on March 26, 2021, the Ministry of Commerce decided to impose anti-dumping duties on wine imported into Australia. The implementation period will be from 28 March 2021. Year.

In 2020, Australia advocated for China to investigate the origin of the new coronavirus and followed the United States in controlling China. Relations between the two parties fell to zero point. Subsequently, China successively imposed tariffs of up to 80% on Australian barley, and imposed embargoes and other trade restrictions on Australian timber, cotton and copper, causing Australia an estimated loss of about US$20 billion.

After the Labor Party led by current Australian Prime Minister Albanese was elected as the new government in June 2022, it changed its China policy, and relations between the two countries began to warm. Albanese visited China in November 2023, and Chinese Foreign Minister Wang Yi During Japan’s visit to Australia on March 20 this year, the two sides reached a consensus on trade and business exchanges, and the liquor ban imposed by China on Australia But the anti-dumping duty was canceled prematurely.

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