BCB in Brief: China edges toward removing wine duties
Although all subscribers will continue receiving the free fortnightly BCB newsletter, the full version of this edition of BCB in Brief is for paid subscribers. You can upgrade to a paid subscription here:
What happened
Australia’s Treasury Wine Estates announced on 12 March that it had been advised of a Chinese Ministry of Commerce interim draft determination outlining a proposed removal of China’s duties on Australian wine.
A final determination is expected in the “coming weeks,” presumably before 31 March, which is when Australia has warned it’ll resume World Trade Organization dispute proceedings if a plan for the removal of the wine duties hasn’t been agreed.
The Australian wine industry is “cautiously optimistic” about the final determination and the Albanese government says it’ll “keep advocating for the removal of remaining trade impediments for Australian producers and processors.”