Wine industry optimism

March 13, 2024 10:29 am in by
Image by Wolfgang Claussen from Pixabay

There’s fresh hope tariffs placed on Australian wine being sold in China could soon be lifted.

Chinese officials have released an interim determination, stating the tariffs are no longer needed.

Just prior to tariffs being imposed in 2020, China was a key export market for Riverland wine producers, worth over $900M to the states wine industry.

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Premier Peter Malinauskas said it was significant and positive step towards reinstating the valued trading partnership between SA winemakers and Chinese consumers.

SA’s Primary Industries Minister, Clare Scriven stated they know that some wine producers have been doing it tough in our regions, but the interim measures announced today should give the industry hope that we will once again be making wine destined for China.

A final call on tariff removals is expected prior to the end of the March.